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GreenSky Gross Profit

: $299.3 Mil (TTM As of Sep. 2021)
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GreenSky's gross profit for the three months ended in Sep. 2021 was $94.3 Mil. GreenSky's gross profit for the trailing twelve months (TTM) ended in Sep. 2021 was $299.3 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. GreenSky's gross profit for the three months ended in Sep. 2021 was $94.3 Mil. GreenSky's Revenue for the three months ended in Sep. 2021 was $128.1 Mil. Therefore, GreenSky's Gross Margin % for the quarter that ended in Sep. 2021 was 73.57%.

GreenSky had a gross margin of 73.57% for the quarter that ended in Sep. 2021 => Durable competitive advantage

During the past 6 years, the highest Gross Margin % of GreenSky was 78.95%. The lowest was 41.42%. And the median was 65.81%.

Warning Sign:

GreenSky Inc gross margin has been in long term decline. The average rate of decline per year is -11.4%.


GreenSky Gross Profit Historical Data

The historical data trend for GreenSky'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.

GreenSky Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Gross Profit
Premium Member Only 184.72 236.18 258.91 282.74 217.70

GreenSky Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 49.30 51.27 61.18 92.58 94.28

Competitive Comparison

For the Software - Infrastructure subindustry, GreenSky'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.

   

GreenSky Gross Profit Distribution

For the Software industry and Technology sector, GreenSky's Gross Profit distribution charts can be found below:

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



GreenSky Gross Profit Calculation

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

GreenSky's Gross Profit for the fiscal year that ended in Dec. 2020 is calculated as

Gross Profit (A: Dec. 2020 )=Revenue - Cost of Goods Sold
=525.649 - 307.948
=217.7

GreenSky's Gross Profit for the quarter that ended in Sep. 2021 is calculated as

Gross Profit (Q: Sep. 2021 )=Revenue - Cost of Goods Sold
=128.149 - 33.867
=94.3

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $299.3 Mil.

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

GreenSky's Gross Margin % for the quarter that ended in Sep. 2021 is calculated as

Gross Margin % (Q: Sep. 2021 )=Gross Profit (Q: Sep. 2021 ) / Revenue (Q: Sep. 2021 )
=(Revenue - Cost of Goods Sold) / Revenue
=94.3 / 128.149
=73.57 %

* 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.


GreenSky  (NAS:GSKY) 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

GreenSky had a gross margin of 73.57% for the quarter that ended in Sep. 2021 => Durable competitive advantage


GreenSky Gross Profit Related Terms

Thank you for viewing the detailed overview of GreenSky's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.


GreenSky Business Description

GreenSky logo
Industry
Technology » Software NAICS : 511210 SIC : 7379
Traded in Other Exchanges
N/A
Address
5565 Glenridge Connector, Suite 700, Atlanta, GA, USA, 30342
GreenSky Inc operates as a technology company. The company offers a proprietary technology infrastructure platform to supports the full transaction lifecycle, including credit application, underwriting, and real-time allocation. Its platform caters to merchants, consumers, and banks.
Executives
Kevin Goldstein officer: EVP - Chief Credit Officer 5565 GLENRIDGE CONNECTOR SUITE 700 ATLANTA 2Q 30342
Kang Andrew officer: EVP and CFO 5565 GLENRIDGE CONNECTOR SUITE 700 ATLANTA GA 30342
Nagy Angela M officer: SVP, Chief Accounting Officer 1155 PERIMETER CENTER WEST ATLANTA GA 30338
Freishtat Gregg Steven director 5860 WINTERTHUR DRIVE ATLANTA GA 30328
Sheft Robert director, 10 percent owner 623 FIFTH AVENUE 26TH FLOOR NEW YORK NY 10022
Babbit Joel M. director 3120 BRECKINRIDGE BLVD. DULUTH GA 30099
Bacci Arthur J director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: BACCI ARTHUR J a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Coulter James G other: Former 10% Owner 301 COMMERCE STREET SUITE 3300 FORT WORTH TX 76102
Tpg Growth Ii Advisors, Inc. other: Former 10% Owner 301 COMMERCE STREET SUITE 3300 FORT WORTH TX 76102
Bonderman David other: Former 10% Owner 301 COMMERCE STREET SUITE 3300 FORT WORTH TX 76102
Rickard Lois Elizabeth officer: Chief Human Resources Officer 1230 PEACHTREE ST NE SUITE 1000 ATLANTA GA 30309
Fox Steven E officer: EVP - Chief Legal Officer 229 PEACHTREE ST NE 2700 INTERNATIONAL TOWER ATLANTA GA 303031603
Vastani Minaz officer: Chief Technology Officer 5565 GLENRIDGE CONNECTOR, SUITE 700 ATLANTA GA 30342
Gupta Ritesh officer: EVP, Operations 5565 GLENRIDGE CONNECTOR SUITE 700 ATLANTA GA 30342
Kelly Dennis I officer: President, Patient Solutions 10720 SIKES PL STE 300 CHARLOTTE NC 28277

GreenSky Headlines

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