The historical rank and industry rank for Global Partners LP's Gross Margin % or its related term are showing as below:
GLP'
s Gross Margin % Range Over the Past 10 Years
Min: 3.15 Med: 5.8 Max: 8.67
Current: 6.15
During the past 13 years, the highestGross Margin % of Global Partners LP was 8.67%. The lowest was 3.15%. And the median was 5.80%.
GLP's Gross Margin % is ranked worse than 83.41% of 904
companies
in the Oil & Gas industry
Industry Median: 27.535
vs GLP: 6.15
Global Partners LP had a gross margin of 6.47% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Global Partners LP was 1.90% per year.
Global Partners LP Gross Margin % Historical Data
The historical data trend for Global Partners LP'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.
Competitive Comparison of Global Partners LP's Gross Margin %
For the Oil & Gas Midstream subindustry, Global Partners LP'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.
Global Partners LP's Gross Margin % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Global Partners LP's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Global Partners LP's Gross Margin % falls into.
* 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.
Global Partners LP (NYSE:GLP) 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
Global Partners LP had a gross margin of 6.47% for the quarter that ended in Sep. 2024 => No sustainable 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.
Global Partners LP Gross Margin % Related Terms
Thank you for viewing the detailed overview of Global Partners LP's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Global Partners LP is an U.S.-based limited partnership that acts as a midstream logistics and marketing company. It is mainly engaged in purchasing, selling, storing and logistics of transporting petroleum and related products. The company owns and operates and control terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, and other places. It distributes gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, natural gas and propane to wholesalers, retailers and commercial customers. The company operates through three segments i.e. Wholesale, Gasoline Distribution and Station Operations and Commercial. It generates maximum revenue from the Wholesale segment.
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