Alamo Group's gross profit for the
three
months ended in Dec. 2023 was $109 Mil. Alamo Group's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $454 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Alamo Group's gross profit for the
three
months ended in Dec. 2023 was $109 Mil. Alamo Group's Revenue for the
three
months ended in Dec. 2023 was $418 Mil. Therefore, Alamo Group's Gross Margin % for the quarter that ended in Dec. 2023 was 26.09%.
Alamo Group had a gross margin of 26.09% for the quarter that ended in Dec. 2023 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Alamo Group was 26.85%. The lowest was 22.55%. And the median was 24.98%.
Alamo Group Gross Profit Historical Data
The historical data trend for Alamo Group's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Alamo Group's Gross Profit
For the Farm & Heavy Construction Machinery subindustry, Alamo Group's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Alamo Group's Gross Profit Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Alamo Group's Gross Profit distribution charts can be found below:
* The bar in red indicates where Alamo Group's Gross Profit falls into.
Alamo Group Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Alamo Group's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $454 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Alamo Group (NYSE:ALG) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Alamo Group had a gross margin of 26.09% for the quarter that ended in Dec. 2023 => Competition eroding margins
Alamo Group Gross Profit Related Terms
Thank you for viewing the detailed overview of Alamo Group's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Alamo Group Inc is engaged in the design and manufacturing of agricultural equipment and infrastructure maintenance equipment. Its products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, leaf collection equipment, pothole patchers, zero-turn radius mowers, agricultural implements, and related aftermarket parts. The company's reportable segments are Vegetation Management and Industrial Equipment. It generates a majority of its revenue from Vegetation Management. Geographically, the company generates majority of the revenue from the United States.
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