The historical rank and industry rank for PROCEPT BioRobotics's Gross Margin % or its related term are showing as below:
PRCT'
s Gross Margin % Range Over the Past 10 Years
Min: -30.56 Med: 46.02 Max: 57.39
Current: 57.39
During the past 5 years, the highestGross Margin % of PROCEPT BioRobotics was 57.39%. The lowest was -30.56%. And the median was 46.02%.
PRCT's Gross Margin % is ranked better than 57.52% of 805
companies
in the Medical Devices & Instruments industry
Industry Median: 51.89
vs PRCT: 57.39
PROCEPT BioRobotics had a gross margin of 63.24% for the quarter that ended in Sep. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for PROCEPT BioRobotics was 0.00% per year.
PROCEPT BioRobotics Gross Margin % Historical Data
The historical data trend for PROCEPT BioRobotics'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 PROCEPT BioRobotics's Gross Margin %
For the Medical Devices subindustry, PROCEPT BioRobotics'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.
PROCEPT BioRobotics's Gross Margin % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, PROCEPT BioRobotics's Gross Margin % distribution charts can be found below:
* The bar in red indicates where PROCEPT BioRobotics'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.
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
PROCEPT BioRobotics had a gross margin of 63.24% 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.
PROCEPT BioRobotics Gross Margin % Related Terms
Thank you for viewing the detailed overview of PROCEPT BioRobotics's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
PROCEPT BioRobotics Corp is a surgical robotics company focused on advancing patient care by developing transformative solutions in urology. It develops, manufactures, and sells the AquaBeam Robotic System,, image-guided, surgical robotic system for use in minimally invasive urologic surgery, with an initial focus on treating benign prostatic hyperplasia, or BPH. The company's assets are based in the United States. Its revenue is generated from sales of the AquaBeam Robotic System and the accompanying single-use disposable handpieces.
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