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RBC (RBC Bearings) Gross Margin % : 43.68% (As of Sep. 2024)


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What is RBC Bearings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. RBC Bearings's Gross Profit for the three months ended in Sep. 2024 was $174 Mil. RBC Bearings's Revenue for the three months ended in Sep. 2024 was $398 Mil. Therefore, RBC Bearings's Gross Margin % for the quarter that ended in Sep. 2024 was 43.68%.


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

RBC' s Gross Margin % Range Over the Past 10 Years
Min: 36.62   Med: 38.37   Max: 43.61
Current: 43.61


During the past 13 years, the highest Gross Margin % of RBC Bearings was 43.61%. The lowest was 36.62%. And the median was 38.37%.

RBC's Gross Margin % is ranked better than
85.04% of 2935 companies
in the Industrial Products industry
Industry Median: 26.72 vs RBC: 43.61

RBC Bearings had a gross margin of 43.68% for the quarter that ended in Sep. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for RBC Bearings was 1.50% per year.


RBC Bearings Gross Margin % Historical Data

The historical data trend for RBC Bearings'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.

RBC Bearings Gross Margin % Chart

RBC Bearings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.74 38.44 37.87 41.16 42.97

RBC Bearings 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 43.13 42.26 43.10 45.29 43.68

Competitive Comparison of RBC Bearings's Gross Margin %

For the Tools & Accessories subindustry, RBC Bearings'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.


RBC Bearings's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, RBC Bearings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where RBC Bearings's Gross Margin % falls into.



RBC Bearings Gross Margin % Calculation

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

RBC Bearings's Gross Margin for the fiscal year that ended in Mar. 2024 is calculated as

Gross Margin % (A: Mar. 2024 )=Gross Profit (A: Mar. 2024 ) / Revenue (A: Mar. 2024 )
=670.5 / 1560.3
=(Revenue - Cost of Goods Sold) / Revenue
=(1560.3 - 889.8) / 1560.3
=42.97 %

RBC Bearings'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 )
=173.8 / 397.9
=(Revenue - Cost of Goods Sold) / Revenue
=(397.9 - 224.1) / 397.9
=43.68 %

* 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.


RBC Bearings  (NYSE:RBC) 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

RBC Bearings had a gross margin of 43.68% 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.


RBC Bearings Gross Margin % Related Terms

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


RBC Bearings Business Description

Traded in Other Exchanges
Address
One Tribology Center, Oxford, CT, USA, 06478
RBC Bearings Inc is an international manufacturer and marketer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries. The offering includes plain bearings, roller bearings, ball bearings, and engineered products. The end market is the United States of America. The company has two reportable segments: Aerospace Defense segment represents the end markets for the company's highly engineered bearings and precision components used in commercial aerospace, defense aerospace, and sea and ground defense applications; and Industrial segment represents the end markets for the company's engineered bearings and precision components used in various industrial applications. It derives maximum revenue from Industrial Segment.
Executives
John J. Feeney officer: Vice President and Secretary ONE TRIBOLOGY CENTER, 102 WILLENBROCK ROAD, OXFORD CT 06478
Daniel A Bergeron officer: VP and CFO
Robert M Sullivan officer: Corporate Controller 103 STILLWOLD DRIVE, WETHERSFIELD CT 06109
Edward Stewart director 5715 EAST CHENEY DRIVE, PARADISE VALLEY AZ 85253
Michael J Hartnett officer: President and CEO RBC BEARINGS, INC., 102 WILLENBROCK ROAD, ONE TRIBOLOGY CENTER, OXFORD CT 06478
Richard J Edwards officer: V.P. and General Manager RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478
Steven H. Kaplan director 11 LINDEN SHORES, BRANFORD CT 06405
Michael H. Ambrose director ONE TRIBOLOGY CENTER, 102 WILLENBROCK ROAD, OXFORD CT 06478
Dolores J Ennico director RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478
Richard R Crowell director AURORA CAPITAL PARTNERS LP, 10877 WILSHIRE BOULEVARD SUITE 2100, LOS ANGELES CA 90024
Patrick S. Bannon officer: V.P. and General Manager 131 WOODS WAY DRIVE, SOUTHBURY CT 06488
Alan B Levine director
Ernest D Hawkins officer: Vice President of Finance 102 WILLENBROCK ROAD, OXFORD CT 06478
Amir Faghri director RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478
Joseph Salamunovich officer: General Counsel and Secretary RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478