Trupanion's gross profit for the
three
months ended in Dec. 2023 was $40 Mil. Trupanion's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $131 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Trupanion's gross profit for the
three
months ended in Dec. 2023 was $40 Mil. Trupanion's Revenue for the
three
months ended in Dec. 2023 was $296 Mil. Therefore, Trupanion's Gross Margin % for the quarter that ended in Dec. 2023 was 13.54%.
Trupanion had a gross margin of 13.54% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of Trupanion was 17.74%. The lowest was 11.82%. And the median was 16.91%.
Warning Sign:
Trupanion Inc gross margin has been in long-term decline. The average rate of decline per year is -7%.
Trupanion Gross Profit Historical Data
The historical data trend for Trupanion'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 Trupanion's Gross Profit
For the Insurance - Specialty subindustry, Trupanion'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.
Trupanion's Gross Profit Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Trupanion's Gross Profit distribution charts can be found below:
* The bar in red indicates where Trupanion's Gross Profit falls into.
Trupanion Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Trupanion'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 $131 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.
Trupanion (NAS:TRUP) 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
Trupanion had a gross margin of 13.54% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Trupanion Gross Profit Related Terms
Thank you for viewing the detailed overview of Trupanion's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Trupanion Inc is a specialty insurance products provider in the United States. Its core business is the sale of insurance products tailor-made for pets, especially cats and dogs. It operates in two business segments: The subscription business segment generates revenue primarily from subscription fees related to the Company's direct-to-consumer products and Other business segment is comprised of revenue from other product offerings that generally have a business-to-business relationship and a different margin profile than our subscription business segment, including revenue from writing policies on behalf of third parties and revenue from other products and software solutions.
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