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Paramount Group (Paramount Group) Gross Profit : $448.8 Mil (TTM As of Dec. 2023)


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What is Paramount Group Gross Profit?

Paramount Group's gross profit for the three months ended in Dec. 2023 was $115.4 Mil. Paramount Group's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $448.8 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Paramount Group's gross profit for the three months ended in Dec. 2023 was $115.4 Mil. Paramount Group's Revenue for the three months ended in Dec. 2023 was $192.5 Mil. Therefore, Paramount Group's Gross Margin % for the quarter that ended in Dec. 2023 was 59.95%.

Paramount Group had a gross margin of 59.95% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Paramount Group was 64.41%. The lowest was 60.42%. And the median was 63.05%.


Paramount Group Gross Profit Historical Data

The historical data trend for Paramount 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.

* Premium members only.

Paramount Group Gross Profit Chart

Paramount Group 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 479.05 446.65 461.35 462.96 448.82

Paramount Group Quarterly Data
Mar19 Jun19 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 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 113.93 118.17 101.58 113.68 115.40

Competitive Comparison of Paramount Group's Gross Profit

For the REIT - Office subindustry, Paramount 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.


Paramount Group's Gross Profit Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Paramount Group's Gross Profit distribution charts can be found below:

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



Paramount Group Gross Profit Calculation

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

Paramount Group'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
=742.788 - 293.965
=448.8

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

Gross Profit (Q: Dec. 2023 )=Revenue - Cost of Goods Sold
=192.471 - 77.076
=115.4

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 $448.8 Mil.

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

Paramount Group'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
=115.4 / 192.471
=59.95 %

* 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.


Paramount Group  (NYSE:PGRE) 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

Paramount Group had a gross margin of 59.95% for the quarter that ended in Dec. 2023 => Durable competitive advantage


Paramount Group Gross Profit Related Terms

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Paramount Group (Paramount Group) Business Description

Traded in Other Exchanges
Address
1633 Broadway, Suite 1801, New York, NY, USA, 10019
Paramount Group Inc is a real estate investment trust engaged in owning, operating, managing, acquiring, and redeveloping high-quality, Class A office properties in select central business district ("CBD") submarkets of New York City and San Francisco. The company operates in two geographical segments New York and San Francisco. Paramount Group derives nearly all of its revenue in the form of rental income from leasing its offices to tenants. The company's New York City assets generate the majority of its total revenue.
Executives
Albert P. Behler director, officer: Chairman, CEO and President PARAMOUNT GROUP, INC., 1633 BROADWAY, SUITE 1801, NEW YORK NY 10019
Gage R. Johnson officer: SVP, GC and Secretary PARAMOUNT GROUP, INC., 1633 BROADWAY, NEW YORK NY 10018
Thomas Armbrust director WERNER OTTO STRASSE 1-7, D-22179 HAMBURG 2M D-22179
Martin Bussmann director C/O PARAMOUNT GROUP, INC., 1633 BROADWAY, SUITE 1801, NEW YORK NY 10019
Paula Sutter director 969 BROADWAY, SUITE 200, OAKLAND CA 94607
Hitoshi Saito director PARAMOUNT GROUP, INC., 1633 BROADWAY, SUITE 1801, NEW YORK NY 10019
Ermelinda Berberi officer: See Remarks 1633 BROADWAY, SUITE 1801, NEW YORK NY 10019
Gregory S Wright director FOUR EMBARCADERO CENTER, SUITE 3200, SAN FRANCISCO CA 94111
Katharina Otto-bernstein director, 10 percent owner C/O KG CURA VERMOGENSVERWALTUNG G.M.B.H., WANDSBEKER STR. 3-7, HAMBURG 2M 22179
Alexander Otto 10 percent owner C/O KG CURA VERMOGENSVERWALTUNG G.M.B.H., WANDSBEKER STR. 3-7, HAMBURG 2M 22179
Maren Otto 10 percent owner WERNER-OTTO-STR. 1-7, HAMBURG 2M D-22179
Dyer Colin director JONES LANG LASALLE INCORPORATED, 200 EAST RANDOLPH DRIVE, CHICAGO IL 60601
David Zobel officer: See Remarks 144 E. 84TH STREET #6D, NEW YORK NY 10028
Mark R Patterson director 40 MINNISINK ROAD, SHORT HILLS NJ 07078
Brindley Peter R.c. officer: EVP, Leasing 1633 BROADWAY, SUITE 1801, NEW YORK NY 10019

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