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Aspen Aerogels (Aspen Aerogels) Gross Profit : $87.0 Mil (TTM As of Mar. 2024)


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What is Aspen Aerogels Gross Profit?

Aspen Aerogels's gross profit for the three months ended in Mar. 2024 was $35.1 Mil. Aspen Aerogels's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $87.0 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Aspen Aerogels's gross profit for the three months ended in Mar. 2024 was $35.1 Mil. Aspen Aerogels's Revenue for the three months ended in Mar. 2024 was $94.5 Mil. Therefore, Aspen Aerogels's Gross Margin % for the quarter that ended in Mar. 2024 was 37.19%.

Aspen Aerogels had a gross margin of 37.19% for the quarter that ended in Mar. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Aspen Aerogels was 30.24%. The lowest was 2.76%. And the median was 16.71%.

Warning Sign:

Aspen Aerogels Inc gross margin has been in long-term decline. The average rate of decline per year is -8.1%.


Aspen Aerogels Gross Profit Historical Data

The historical data trend for Aspen Aerogels'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.

* Premium members only.

Aspen Aerogels Gross Profit Chart

Aspen Aerogels Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.28 14.59 9.94 4.98 56.92

Aspen Aerogels Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.09 8.41 13.81 29.62 35.14

Competitive Comparison of Aspen Aerogels's Gross Profit

For the Building Products & Equipment subindustry, Aspen Aerogels'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.


Aspen Aerogels's Gross Profit Distribution in the Construction Industry

For the Construction industry and Industrials sector, Aspen Aerogels's Gross Profit distribution charts can be found below:

* The bar in red indicates where Aspen Aerogels's Gross Profit falls into.



Aspen Aerogels Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Aspen Aerogels's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=238.718 - 181.797
=56.9

Aspen Aerogels's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )=Revenue - Cost of Goods Sold
=94.501 - 59.358
=35.1

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $87.0 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Aspen Aerogels's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=35.1 / 94.501
=37.19 %

* 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.


Aspen Aerogels  (NYSE:ASPN) 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

Aspen Aerogels had a gross margin of 37.19% for the quarter that ended in Mar. 2024 => Competition eroding margins


Aspen Aerogels Gross Profit Related Terms

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Aspen Aerogels (Aspen Aerogels) Business Description

Traded in Other Exchanges
N/A
Address
30 Forbes Road, Building B, Northborough, MA, USA, 01532
Aspen Aerogels Inc is an aerogel technology company that designs, develops and manufactures high-performance aerogel insulation used in the energy infrastructure, building materials and electric vehicle markets. The company also conducts research and development related to aerogel technology supported by funding from several agencies of the United States of America government and other institutions in the form of research and development contracts. It is engaged in Energy Industrial and Thermal Barrier. Geographically, it operates in the U.S. and also has a presence in other International countries. Some of its products include Pyrogel XTE; Cryogel Z; and others.
Executives
Gregg Landes officer: VP, Innovation & Strategic Dev C/O ASPEN AEROGELS, INC., 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532
Keith L Schilling officer: Sr. Vice President, Technology 24955 INTERSTATE 45 NORTH, THE WOODLANDS TX 77380
Santhosh P Daniel officer: Chief Accounting Officer C/O SYMBOTIC INC., 200 RESEARCH DRIVE, WILMINGTON MA 01887
Steven R Mitchell director C/O ASPEN AEROGELS, INC., 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532
Stephanie Pittman officer: Chief Human Resources Officer C/O ASPEN AEROGELS, INC., 30 FORBES RD., BUILDING B, NORTHBOROUGH MA 01532
Mark L Noetzel director 1000 ABERNATHY ROAD N.E., SUITE 1200, ATLANTA GA 30328
Donald R Young director, officer: President and CEO C/O ASPEN AEROGELS, INC., 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532
James E Sweetnam director DANA HOLDING CORPORATION, 3939 TECHNOLOGY DRIVE, MAUMEE OH 43537
Wood River Capital, Llc 10 percent owner 4111 E. 37TH STREET N, WICHITA KS 67220
Kathleen Kool director 8500 SW CREEKSIDE PLACE, BEAVERTON OR 97008
Virginia Johnson officer: CLO, GC and Secretary 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532
Ricardo C. Rodriguez officer: SVP, CFO & Treasurer C/O ASPEN AEROGELS, INC., 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532
Koch Industries Inc 10 percent owner 4111 EAST 37TH STREET NORTH, WICHITA KS 67220
Robert M. Gervis director 1000 ABERNATHY ROAD N.E., SUITE 1200, ATLANTA GA 30328
Kelley Conte officer: Vice President,Human Resources C/O ASPEN AEROGELS, INC., 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532