Driven Brands Holdings (Driven Brands Holdings) Gross Profit : $1,190 Mil (TTM As of Dec. 2023)

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What is Driven Brands Holdings Gross Profit?

Driven Brands Holdings's gross profit for the three months ended in Dec. 2023 was $290 Mil. Driven Brands Holdings's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $1,190 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Driven Brands Holdings's gross profit for the three months ended in Dec. 2023 was $290 Mil. Driven Brands Holdings's Revenue for the three months ended in Dec. 2023 was $554 Mil. Therefore, Driven Brands Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 52.37%.

Driven Brands Holdings had a gross margin of 52.37% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 6 years, the highest Gross Margin % of Driven Brands Holdings was 66.75%. The lowest was 51.67%. And the median was 59.35%.

Warning Sign:

Driven Brands Holdings Inc gross margin has been in long-term decline. The average rate of decline per year is -4.9%.

Driven Brands Holdings Gross Profit Historical Data

The historical data trend for Driven Brands Holdings'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.

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Driven Brands Holdings Gross Profit Chart

Driven Brands Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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376.59

557.24

837.33

1,112.99

1,190.48

Driven Brands Holdings Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial														285.22	289.69	317.85	292.98	289.95

Competitive Comparison of Driven Brands Holdings's Gross Profit

For the Auto & Truck Dealerships subindustry, Driven Brands Holdings'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.

Driven Brands Holdings's Gross Profit Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Driven Brands Holdings's Gross Profit distribution charts can be found below:

* The bar in red indicates where Driven Brands Holdings's Gross Profit falls into.

Driven Brands Holdings Gross Profit Calculation

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

Driven Brands Holdings'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
	=	2304.029	-	1113.55
	=	1,190

Driven Brands Holdings's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	553.677	-	263.724
	=	290

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 $1,190 Mil.

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

Driven Brands Holdings'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
	=	290	/	553.677
	=	52.37 %

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.

Driven Brands Holdings (NAS:DRVN) 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

Driven Brands Holdings had a gross margin of 52.37% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Driven Brands Holdings Gross Profit Related Terms

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Driven Brands Holdings (Driven Brands Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Driven Brands Holdings Inc (NAS:DRVN) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

440 South Church Street, Suite 700, Charlotte, NC, USA, 28202

Website

https://www.drivenbrands.com

Driven Brands Holdings Inc is an automotive services company. The company provides an extensive range of core consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash.

Executives

Jonathan G. Fitzpatrick	director, officer: President & CEO	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Gary W Ferrera	officer: EVP, Chief Financial Officer	3250 BRIARPARK, SUITE 400, HOUSTON TX 77042
Muhammad Khalid	officer: EVP, Seg. Pres. - Maintenance	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Rc Iv Cayman Icw Holdings Llc	10 percent owner, other: See Remarks.	C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309
Neal K Aronson	director, 10 percent owner, other: See Remarks	1180 PEACHTREE STREET NE., SUITE 2500, ATLANTA GA 30309
Driven Equity Llc	10 percent owner, other: See Remarks.	C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309
Michael G. Macaluso	officer: EVP & Grp Pres-Pt., Coll & Gl.	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Jose D. Tomas	director	5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Driven Equity Sub Llc	10 percent owner, other: See Remarks.	C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309
Rc Iv Cayman Icw Holdings Sub Llc	10 percent owner, other: See Remarks.	C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309
Roark Capital Partners Iii Aiv Lp	10 percent owner, other: See Remarks.	C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309
Daniel R. Rivera	officer: EVP & Group President, Maint.	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
John R. Teddy	officer: EVP & President, Car Wash N.A.	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Karen B. Stroup	director	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Michael Beland	officer: SVP & Chief Accounting Officer	440 S. CHURCH ST., SUITE 700, CHARLOTTE NC 28202