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Gross Margin % is calculated as gross profit divided by its revenue. Piedmont Office Realty Trust's Gross Profit for the three months ended in Dec. 2024 was $84.6 Mil. Piedmont Office Realty Trust's Revenue for the three months ended in Dec. 2024 was $143.2 Mil. Therefore, Piedmont Office Realty Trust's Gross Margin % for the quarter that ended in Dec. 2024 was 59.08%.
The historical rank and industry rank for Piedmont Office Realty Trust's Gross Margin % or its related term are showing as below:
During the past 13 years, the highest Gross Margin % of Piedmont Office Realty Trust was 61.26%. The lowest was 58.61%. And the median was 60.00%.
Piedmont Office Realty Trust had a gross margin of 59.08% for the quarter that ended in Dec. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Piedmont Office Realty Trust was -0.40% per year.
The historical data trend for Piedmont Office Realty Trust'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.
Piedmont Office Realty Trust Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Gross Margin % | Get a 7-Day Free Trial |
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59.83 | 60.10 | 59.90 | 59.31 | 58.95 |
Piedmont Office Realty Trust Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Gross Margin % | Get a 7-Day Free Trial |
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59.34 | 58.87 | 59.12 | 58.71 | 59.08 |
For the REIT - Office subindustry, Piedmont Office Realty Trust'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.
For the REITs industry and Real Estate sector, Piedmont Office Realty Trust's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Piedmont Office Realty Trust's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Piedmont Office Realty Trust's Gross Margin for the fiscal year that ended in Dec. 2024 is calculated as
Gross Margin % (A: Dec. 2024 ) | = | Gross Profit (A: Dec. 2024 ) | / | Revenue (A: Dec. 2024 ) |
= | 336.2 | / | 570.324 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (570.324 - 234.124) | / | 570.324 | |
= | 58.95 % |
Piedmont Office Realty Trust's Gross Margin for the quarter that ended in Dec. 2024 is calculated as
Gross Margin % (Q: Dec. 2024 ) | = | Gross Profit (Q: Dec. 2024 ) | / | Revenue (Q: Dec. 2024 ) |
= | 84.6 | / | 143.231 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (143.231 - 58.605) | / | 143.231 | |
= | 59.08 % |
* 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.
Piedmont Office Realty Trust (NYSE:PDM) 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
Piedmont Office Realty Trust had a gross margin of 59.08% for the quarter that ended in Dec. 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.
Thank you for viewing the detailed overview of Piedmont Office Realty Trust's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Dale H. Taysom | director | 5565 GLENRIDGE CONNECTOR, STE. 450, ATLANTA GA 30342 |
Kelly Hefner Barrett | director | 4630 WYNMEADE PARK, MARIETTA GA 30067 |
Barbara B Lang | director | 8270 GREENSBORO DRIVE, SUITE 500, MCLEAN VA 22102 |
Jeffrey L. Swope | director | 5565 GLENRIDGE CONNECTOR, STE 450, ATLANTA GA 30342 |
Guilbert Edward H Iii | officer: EVP - Finance & Treasurer | 5565 GLENRIDGE CONNECTOR, SUITE 450, ATLANTA GA 30342 |
Robert E Bowers | officer: Chief Financial Officer | 5565 GLENRIDGE CONNECTOR, STE 450, ATLANTA GA 30342 |
Christopher Brent Smith | officer: EVP- NY Region & Strategic Inv | 5565 GLENRIDGE CONNECTOR, STE. 450, ATLANTA GA 30342 |
Mary M. Hager | director | 5565 GLENRIDGE CONNECTOR, STE. 450, ATLANTA GA 30342 |
Frank C Mcdowell | director | PO BOX 29390, SAN FRANCISCO CA 94129-0350 |
Glenn Gary Cohen | director | 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042 |
Venkatesh S. Durvasula | director | 39 INDIAN MILL ROADH, COS COB CT 06807 |
Laura P Moon | officer: Chief Accounting Officer | 5565 GLENRIDGE CONNECTOR, STE. 450, ATLANTA GA 30342 |
George M. Wells | officer: EVP- Southeast Region | 5565 GLENRIDGE CONNECTOR, STE. 450, ATLANTA GA 30342 |
Mizuho Securities Usa Llc | other: See Remarks | 1271 AVENUE OF THE AMERICAS, FLOORS - 2,3,4,18,19, NEW YORK NY 10020 |
Alex Valente | officer: EVP- Southeast Region | 5565 GLENRIDGE CONNECTOR, STE. 450, ATLANTA GA 30342 |
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