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Bloom Energy (Bloom Energy) Gross Profit

: $198 Mil (TTM As of Dec. 2023)
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Bloom Energy's gross profit for the three months ended in Dec. 2023 was $92 Mil. Bloom Energy's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $198 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Bloom Energy's gross profit for the three months ended in Dec. 2023 was $92 Mil. Bloom Energy's Revenue for the three months ended in Dec. 2023 was $357 Mil. Therefore, Bloom Energy's Gross Margin % for the quarter that ended in Dec. 2023 was 25.89%.

Bloom Energy had a gross margin of 25.89% for the quarter that ended in Dec. 2023 => Competition eroding margins

During the past 8 years, the highest Gross Margin % of Bloom Energy was 20.87%. The lowest was -49.63%. And the median was 13.63%.

Warning Sign:

Bloom Energy Corp gross margin has been in long-term decline. The average rate of decline per year is -1.8%.


Bloom Energy Gross Profit Historical Data

The historical data trend for Bloom Energy'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.

Bloom Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Premium Member Only Premium Member Only Premium Member Only 97.59 165.79 197.58 148.29 197.79

Bloom Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Profit 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 Premium Member Only Premium Member Only Premium Member Only 71.38 54.27 56.35 -5.21 92.39

Competitive Comparison

For the Electrical Equipment & Parts subindustry, Bloom Energy'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.


Bloom Energy Gross Profit Distribution

For the Industrial Products industry and Industrials sector, Bloom Energy's Gross Profit distribution charts can be found below:

* The bar in red indicates where Bloom Energy's Gross Profit falls into.



Bloom Energy Gross Profit Calculation

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

Bloom Energy'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
=1333.47 - 1135.676
=198

Bloom Energy's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )=Revenue - Cost of Goods Sold
=356.916 - 264.525
=92

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 $198 Mil.

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

Bloom Energy's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=(Revenue - Cost of Goods Sold) / Revenue
=92 / 356.916
=25.89 %

* 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.


Bloom Energy  (NYSE:BE) 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

Bloom Energy had a gross margin of 25.89% for the quarter that ended in Dec. 2023 => Competition eroding margins


Bloom Energy Gross Profit Related Terms

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Bloom Energy (Bloom Energy) Business Description

Address
4353 North First Street, San Jose, CA, USA, 95134
Bloom Energy designs, manufactures, sells, and installs solid-oxide fuel cell systems ("Energy Servers") for on-site power generation. Bloom Energy Servers are fuel-flexible and can use natural gas, biogas, and hydrogen to create 24/7 electricity for stationary applications. In 2021, the company announced plans to leverage its technology and enter the electrolyzer market. Bloom primarily sells its systems in the United States and South Korea.
Executives
Guillermo Brooks officer: EVP, Sales - Americas 4353 NORTH FIRST STREET, SAN JOSE CA 95134
Shawn Marie Soderberg officer: EVP, GC & Secretary 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547
Sharelynn Faye Moore officer: EVP, Chief Marketing Officer 424 W. HIGH DRIVE, SPOKANE WA 99203
Cynthia J Warner director 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Kr Sridhar director, officer: Chairman & CEO 1299 ORLEANS DRIVE, SUNNYVALE CA 94089
Glen Griffiths officer: EVP, Services 4353 NORTH FIRST STREET, SAN JOSE CA 95134
Gregory D Cameron officer: See Remarks 4353 NORTH FIRST STREET, SAN JOSE CA 95134
Eddy Zervigon director 1601 DRY CREEK DRIVE, SUITE 260, LONGMONT CO 80503
Jeffrey R Immelt director GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
John T Chambers director 170 W. TASMAN DR., SAN JOSE CA 95134-1706
Michael J Boskin director C/O RIPPLEWOOD HOLDINGS LLC, ONE ROCKERFELLER PLAZA, NEW YORK NY 10020
Mary K Bush director 3509 WOODBINE STREET, CHEVY CHASE MD 20815
Swaminathan Venkataraman officer: EVP of Engineering and CTO 1299 ORLEANS DRIVE, SUNNYVALE CA 94089
Sk Ecoplant Co., Ltd. 10 percent owner 19 YULGOK-RO 2-GIL, JONGNO-GU, SEOUL M5 03149
Susan Seilheimer Brennan officer: EVP and COO 1299 ORLEANS DRIVE, SUNNYVALE CA 94089