ICL (ICL Group) Gross Margin % : 34.00% (As of Sep. 2024)

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What is ICL Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. ICL Group's Gross Profit for the three months ended in Sep. 2024 was $596 Mil. ICL Group's Revenue for the three months ended in Sep. 2024 was $1,753 Mil. Therefore, ICL Group's Gross Margin % for the quarter that ended in Sep. 2024 was 34.00%.

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

ICL' s Gross Margin % Range Over the Past 10 Years
Min: 29.55 Med: 33.92 Max: 50.24
Current: 32.92

During the past 13 years, the highest Gross Margin % of ICL Group was 50.24%. The lowest was 29.55%. And the median was 33.92%.

ICL's Gross Margin % is ranked better than
73.47% of 245 companies
in the Agriculture industry
Industry Median: 22.35 vs ICL: 32.92

ICL Group had a gross margin of 34.00% for the quarter that ended in Sep. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for ICL Group was 4.90% per year.

ICL Group Gross Margin % Historical Data

The historical data trend for ICL Group'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.

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ICL Group Gross Margin % Chart

ICL Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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34.47

29.55

37.54

50.24

35.44

ICL Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross Margin %	Get a 7-Day Free Trial															31.47	33.14	32.10	32.42	34.00

Competitive Comparison of ICL Group's Gross Margin %

For the Agricultural Inputs subindustry, ICL Group'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.

ICL Group's Gross Margin % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, ICL Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where ICL Group's Gross Margin % falls into.

ICL Group Gross Margin % Calculation

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

ICL Group's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	2671	/	7536
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(7536 - 4865)	/	7536
	=	35.44 %

ICL Group's Gross Margin for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )	=	Gross Profit (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	596	/	1753
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1753 - 1157)	/	1753
	=	34.00 %

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.

ICL Group (NYSE:ICL) 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

ICL Group had a gross margin of 34.00% for the quarter that ended in Sep. 2024 => Competition eroding margins

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.

ICL Group Gross Margin % Related Terms

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ICL Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » ICL Group Ltd (NYSE:ICL) » Definitions » Gross Margin %

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ICL:Israel

Address

23 Aranha Street, P.O. Box 20245, Millennium Tower, Tel-Aviv, ISR, 61202

Website

https://www.icl-group.com

ICL Group Ltd is a manufacturer of products based on minerals. The firm is comprised of four segments: phosphate solutions, potash, industrial products, and growing solutions. These segments all contribute to the company's development of agriculture, food, and engineered material products and services. The company mines and manufactures potash and phosphates to be used as ingredients in fertilizers and serve as a component in the pharmaceutical and food additives industries. It is also engaged in industrial additives and materials, including flame retardants, phosphate salts, specialty phosphate blends, purified phosphoric acid, electronic-grade specialty phosphoric acids. Its geographical segments are Europe, Asia, North and South America, and the Rest of the world.