Gross Margin % is calculated as gross profit divided by its revenue. Moog's Gross Profit for the
three
months ended in Mar. 2024 was $267 Mil. Moog's Revenue for the
three
months ended in Mar. 2024 was $930 Mil. Therefore, Moog's Gross Margin % for the quarter that ended in Mar. 2024 was 28.68%.
Warning Sign:
Moog Inc gross margin has been in long-term decline. The average rate of decline per year is -1.1%.
The historical rank and industry rank for Moog's Gross Margin % or its related term are showing as below:
MOG.A'
s Gross Margin % Range Over the Past 10 Years
Min: 25.78 Med: 28.33 Max: 30.12
Current: 27.54
During the past 13 years, the highestGross Margin % of Moog was 30.12%. The lowest was 25.78%. And the median was 28.33%.
MOG.A's Gross Margin % is ranked better than 51.85% of 297
companies
in the Aerospace & Defense industry
Industry Median: 26.24
vs MOG.A: 27.54
Moog had a gross margin of 28.68% for the quarter that ended in Mar. 2024 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Moog was -1.10% per year.
Moog Gross Margin % Historical Data
The historical data trend for Moog'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.
For the Aerospace & Defense subindustry, Moog'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.
Moog's Gross Margin % Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Moog's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Moog'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.
Moog (NYSE:MOG.A) 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
Moog had a gross margin of 28.68% for the quarter that ended in Mar. 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.
Moog Gross Margin % Related Terms
Thank you for viewing the detailed overview of Moog's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Moog Inc is a manufacturer of precision motion and fluid controls systems for the aerospace and defense markets. It has a diversified product range and operates in three segments: Aircraft Controls, Space and Defense Controls, and Industrial Systems. The company has a wide sales and marketing reach with sales staff being the main contact with customers. Additionally, it will use manufacturers' representatives and distributors to market in certain segments. Sales under United States government contracts represent approximately one third of total revenue. Although over half of total sales originate in the United States, the company serves many European and Asian nations.
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