Con-way (FRA:CTR) Gross Margin % : 68.21% (As of Jun. 2015)

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What is Con-way Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Con-way's Gross Profit for the three months ended in Jun. 2015 was €867 Mil. Con-way's Revenue for the three months ended in Jun. 2015 was €1,272 Mil. Therefore, Con-way's Gross Margin % for the quarter that ended in Jun. 2015 was 68.21%.

The historical rank and industry rank for Con-way's Gross Margin % or its related term are showing as below:

FRA:CTR' s Gross Margin % Range Over the Past 10 Years
Min: 19.92 Med: 60.87 Max: 64.31
Current: 64.31

During the past 13 years, the highest Gross Margin % of Con-way was 64.31%. The lowest was 19.92%. And the median was 60.87%.

FRA:CTR's Gross Margin % is not ranked
in the Transportation industry.
Industry Median: 20.08 vs FRA:CTR: 64.31

Con-way had a gross margin of 68.21% for the quarter that ended in Jun. 2015 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Con-way was -0.20% per year.

Con-way Gross Margin % Historical Data

The historical data trend for Con-way's Gross Margin % 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.

Con-way Gross Margin % Chart

Con-way Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Gross Margin %

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60.18

58.53

58.27

61.48

61.93

Con-way Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Gross Margin %	Get a 7-Day Free Trial															64.23	62.01	62.75	64.40	68.21

Competitive Comparison of Con-way's Gross Margin %

For the Trucking subindustry, Con-way's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.

Con-way's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Con-way's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Con-way's Gross Margin % falls into.

Con-way Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Con-way's Gross Margin for the fiscal year that ended in Dec. 2014 is calculated as

Gross Margin % (A: Dec. 2014 )	=	Gross Profit (A: Dec. 2014 )	/	Revenue (A: Dec. 2014 )
	=	2916.1	/	4708.722
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(4708.722 - 1792.669)	/	4708.722
	=	61.93 %

Con-way's Gross Margin for the quarter that ended in Jun. 2015 is calculated as

Gross Margin % (Q: Jun. 2015 )	=	Gross Profit (Q: Jun. 2015 )	/	Revenue (Q: Jun. 2015 )
	=	867.4	/	1271.737
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1271.737 - 404.299)	/	1271.737
	=	68.21 %

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.

Con-way (FRA:CTR) Gross Margin % 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

Con-way had a gross margin of 68.21% for the quarter that ended in Jun. 2015 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Con-way Gross Margin % Related Terms

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Con-way (FRA:CTR) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.con-way.com

Con-way Inc was incorporated in Delaware in 1958. The Company and its subsidiaries provide transportation, logistics and supply-chain management services to various manufacturing, industrial and retail customers. Its business units operate in regional, inter-regional and transcontinental less-than-truckload and full-truckload freight transportation, contract logistics and supply-chain management, multimodal freight brokerage, and trailer manufacturing. The Company operates under three reporting segments: Freight, Logistics and Truckload. The Freight segment consists of the operating results of the Con-way Freight business unit. Con-way Freight is a less-than-truckload motor carrier that utilizes a network of freight service centers to provide day-definite regional, inter-regional and transcontinental less-than-truckload freight services throughout North America. LTL carriers transport shipments from multiple shippers utilizing a network of freight service centers combined with a fleet of linehaul and pickup-and-delivery tractors and trailers. LTL shipments weigh between 100 and 15,000 pounds. In 2013, Con-way Freight's average weight per shipment was 1,334 pounds. The Logistics segment consists of the operating results of the Menlo Worldwide Logistics business unit. Menlo develops contract-logistics solutions, which include managing complex distribution networks, and providing supply-chain engineering and consulting, and multimodal freight brokerage services. Menlo's supply-chain management offerings are mainly related to transportation-management and contract-warehousing services. The Truckload segment consists of the operating results of the Con-way Truckload business unit. Con-way Truckload is a full-truckload motor carrier that utilizes a fleet of tractors and trailers to provide short- and long-haul, asset-based transportation services throughout North America. Con-way Truckload provides dry-van transportation services to manufacturing, industrial and retail customers while using single drivers as well as two-person driver teams over long-haul routes, with each trailer containing only one customer's goods. On average, Con-way Truckload transports shipments more than 800 miles from origin to destination. Under its regional service offering, Con-way Truckload transports truckload shipments between 100 and 600 miles, including local-area service for truckload shipments of less than 100 miles. It competes with regional and national LTL companies, some of which are subsidiaries of integrated transportation service providers, domestic and foreign logistics companies, truckload carriers, railroads and private fleets. The Company is subject to various federal, state and local, as well as foreign, laws and regulations that apply to its business activities.