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Gross Margin % is calculated as gross profit divided by its revenue. Robert Half's Gross Profit for the three months ended in Sep. 2024 was $572 Mil. Robert Half's Revenue for the three months ended in Sep. 2024 was $1,465 Mil. Therefore, Robert Half's Gross Margin % for the quarter that ended in Sep. 2024 was 39.02%.
The historical rank and industry rank for Robert Half's Gross Margin % or its related term are showing as below:
During the past 13 years, the highest Gross Margin % of Robert Half was 42.75%. The lowest was 38.99%. And the median was 41.33%.
Robert Half had a gross margin of 39.02% for the quarter that ended in Sep. 2024 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Robert Half was -0.10% per year.
The historical data trend for Robert Half'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.
Robert Half Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Margin % | Get a 7-Day Free Trial | 41.57 | 39.39 | 41.72 | 42.75 | 40.28 |
Robert Half 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 | 40.99 | 39.66 | 38.13 | 39.16 | 39.02 |
For the Staffing & Employment Services subindustry, Robert Half'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 Business Services industry and Industrials sector, Robert Half's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Robert Half's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Robert Half'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 ) |
= | 2575 | / | 6392.517 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (6392.517 - 3817.513) | / | 6392.517 | |
= | 40.28 % |
Robert Half'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 ) |
= | 571.7 | / | 1465.004 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (1465.004 - 893.348) | / | 1465.004 | |
= | 39.02 % |
* 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.
Robert Half (NYSE:RHI) 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
Robert Half had a gross margin of 39.02% for the quarter that ended in Sep. 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.
Thank you for viewing the detailed overview of Robert Half's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Dirk A Kempthorne | director | 1735 MARKET STREET, PHILADELPHIA PA 19103 |
Robert W Glass | officer: Executive Vice President | |
Marc Morial | director | 142 IRVING AVENUE, S. ORANGE NJ 07079 |
Joseph A Tarantino | officer: President and CEO, Protiviti | 2884 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025 |
Marnie Huss Wilking | director | 5611 E HILLERY DR, SCOTTSDALE AZ 85254 |
Paul F Gentzkow | officer: President & CEO Staffing | 2884 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025 |
Messmer Harold M Jr | director, officer: Executive Chairman | |
Barbara J Novogradac | director | C/O ROBERT HALF INTERNATIONAL INC., 2884 SAND HILL ROAD, MENLO PARK CA 94025 |
Robert J Pace | director | C/O ROBERT HALF INTERNATIONAL INC., 2884 SAND HILL ROAD, MENLO PARK CA 94025 |
Julia Lynn Coronado | director | C/O DYNEX CAPITAL, INC., 4991 LAKE BROOK DRIVE, SUITE 100, GLEN ALLEN VA 23060 |
Frederick A Richman | director | C/O ROBERT HALF INTERNATIONAL INC., 2884 SAND HILL ROAD, MENLO PARK CA 94025 |
M Keith Waddell | director, officer: Chief Executive Officer | |
Michael C Buckley | officer: Executive Vice President & CFO | C/O ROBERT HALF INTERNATIONAL INC, 5720 STONERIDGE DR STE 3, PLEASANTON CA 94588 |
Steven Karel | officer: Vice President and Secretary | 2884 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025 |
Edward W Gibbons | director | C/O JACK IN THE BOX INC, 9330 BALVOA AVE, SAN DIEGO CA 92123 |
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