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MMLP (Martin Midstream Partners LP) Gross Margin % : 51.10% (As of Sep. 2024)


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What is Martin Midstream Partners LP Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Martin Midstream Partners LP's Gross Profit for the three months ended in Sep. 2024 was $87.3 Mil. Martin Midstream Partners LP's Revenue for the three months ended in Sep. 2024 was $170.9 Mil. Therefore, Martin Midstream Partners LP's Gross Margin % for the quarter that ended in Sep. 2024 was 51.10%.


The historical rank and industry rank for Martin Midstream Partners LP's Gross Margin % or its related term are showing as below:

MMLP' s Gross Margin % Range Over the Past 10 Years
Min: 17.82   Med: 32.69   Max: 50.87
Current: 50.87


During the past 13 years, the highest Gross Margin % of Martin Midstream Partners LP was 50.87%. The lowest was 17.82%. And the median was 32.69%.

MMLP's Gross Margin % is ranked better than
76.8% of 905 companies
in the Oil & Gas industry
Industry Median: 27.54 vs MMLP: 50.87

Martin Midstream Partners LP had a gross margin of 51.10% for the quarter that ended in Sep. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Martin Midstream Partners LP was 5.50% per year.


Martin Midstream Partners LP Gross Margin % Historical Data

The historical data trend for Martin Midstream 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.

* Premium members only.

Martin Midstream Partners LP Gross Margin % Chart

Martin Midstream Partners LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.74 37.75 33.16 33.30 44.91

Martin Midstream Partners LP 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 50.19 50.83 50.07 51.50 51.10

Competitive Comparison of Martin Midstream Partners LP's Gross Margin %

For the Oil & Gas Midstream subindustry, Martin Midstream 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.


Martin Midstream Partners LP's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Martin Midstream Partners LP's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Martin Midstream Partners LP's Gross Margin % falls into.



Martin Midstream Partners LP Gross Margin % Calculation

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

Martin Midstream Partners LP'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 )
=358.4 / 797.963
=(Revenue - Cost of Goods Sold) / Revenue
=(797.963 - 439.575) / 797.963
=44.91 %

Martin Midstream Partners LP'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 )
=87.3 / 170.934
=(Revenue - Cost of Goods Sold) / Revenue
=(170.934 - 83.585) / 170.934
=51.10 %

* 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.


Martin Midstream Partners LP  (NAS:MMLP) 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

Martin Midstream Partners LP had a gross margin of 51.10% for the quarter that ended in Sep. 2024 => 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.


Martin Midstream Partners LP Gross Margin % Related Terms

Thank you for viewing the detailed overview of Martin Midstream Partners LP's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Martin Midstream Partners LP Business Description

Traded in Other Exchanges
N/A
Address
4200 Stone Road, Kilgore, TX, USA, 75662
Martin Midstream Partners LP has a diverse set of operations focused in the United States Gulf Coast region. The company's business lines include terminalling, processing, storage, and packaging services for petroleum products and by-products including the refining of naphthenic crude oil; land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and natural gas liquids marketing, distribution and transportation services. Company operates in four segment Terminalling and storage, Transportation, Sulfur service and Specialty products segment. Majority of the revenue derived from Specialty products segment.
Executives
Sharon L Taylor officer: Chief Financial Officer 4200 B STONE RD, KILGORE TX 75662
Ruben S Martin director, 10 percent owner, officer: President and CEO 4200 STONE RD, KILGORE TX 75662
Robert D Bondurant officer: Executive VP and CFO 4200 STONE ROAD, KILGORE TX 75662
Scot A Shoup officer: Senior VP Operations 2029 S. CHILTON AVE., TYLER TX 75701
Chris H Booth officer: VP/General Counsel/Secretary 4200 STONE ROAD, KILGORE TX 75662
Randall Tauscher officer: Executive Vice President KANZA OFFICE PARK, 550 NORTH 159TH ST. EAST, WICHITA KS 67230
Christopher Michael Reid director 100 W PUTNAM AVENUE, GREENWICH CT 06830
C Scott Massey director 4200 STONE RD, KILGORE TX 75662
Martin Product Sales Llc 10 percent owner 4200 STONE ROAD, KILGORE TX 75662
James M Collingsworth director 1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
Stephen W Martin officer: VP Corporate Development 4200 STONE ROAD, KILGORE TX 75662
Zachary Stanton director 12 ROTON AVE, ROTON AVE, NORWALK CT 06853
Charles H Still director FULBRIGHT & JAWORSKI LLP, 1301 MCKINNEY, SUITE 5100, HOUSTON TX 77010-3095
Wesley M Skelton officer: Executive VP, CA0 & Controller 4200 STONE ROAD, KILGORE TX 75662
Sean P. Dolan director 4200 B STONE ROAD, KILGORE TX 75662