Tutor Perini's gross profit for the
three
months ended in Dec. 2023 was $49 Mil. Tutor Perini's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $141 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Tutor Perini's gross profit for the
three
months ended in Dec. 2023 was $49 Mil. Tutor Perini's Revenue for the
three
months ended in Dec. 2023 was $1,021 Mil. Therefore, Tutor Perini's Gross Margin % for the quarter that ended in Dec. 2023 was 4.79%.
Tutor Perini had a gross margin of 4.79% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of Tutor Perini was 11.25%. The lowest was 0.78%. And the median was 9.17%.
Warning Sign:
Tutor Perini Corp gross margin has been in long-term decline. The average rate of decline per year is -26.8%.
Tutor Perini Gross Profit Historical Data
The historical data trend for Tutor Perini'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.
Competitive Comparison of Tutor Perini's Gross Profit
For the Engineering & Construction subindustry, Tutor Perini'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.
Tutor Perini's Gross Profit Distribution in the Construction Industry
For the Construction industry and Industrials sector, Tutor Perini's Gross Profit distribution charts can be found below:
* The bar in red indicates where Tutor Perini's Gross Profit falls into.
Tutor Perini Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Tutor Perini's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
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 $141 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
Tutor Perini (NYSE:TPC) 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
Tutor Perini had a gross margin of 4.79% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Tutor Perini Gross Profit Related Terms
Thank you for viewing the detailed overview of Tutor Perini's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Tutor Perini Corp offers general contracting, construction management, and design-build services to private and public customers. The company constructs and repairs transportation infrastructure, water-treatment facilities, and a wide range of buildings. It plans and schedules the manpower, equipment, materials, and subcontractors required for a project. Tutor Perini has three operating segments: civil, building, and specialty contractors and generates majority revenue from civil segment. The company offers self-performed construction services, including site work, concrete forming, steel erection, electrical, mechanical, and heating, ventilation, and air conditioning, or HVAC. The majority of its total revenue is derived from the United States.
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