The historical rank and industry rank for Third Bench's Gross Margin % or its related term are showing as below:
THBD's Gross Margin % is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 29.11 * Ranked among companies with meaningful Gross Margin % only.
Third Bench had a gross margin of 43.31% for the quarter that ended in May. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Third Bench was 0.00% per year.
Third Bench (OTCPK:THBD) 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
Third Bench had a gross margin of 43.31% for the quarter that ended in May. 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.
Third Bench Gross Margin % Related Terms
Third Bench Gross Margin % Historical Data
* Premium members only.
The historical data trend for Third Bench'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 Furnishings, Fixtures & Appliances subindustry, Third Bench'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.
Third Bench Gross Margin % vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Third Bench's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Third Bench'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.
Third Bench (THBD) has a Gross Margin % of 43.31% as of May. 2024. Gross margin is the ratio of total gross profit to net sales. View historical data on Third Bench and its competitors.
Is Third Bench's Gross Margin % too high?
Third Bench's current Gross Margin % is 43.31%. The Furnishings, Fixtures & Appliances industry median Gross Margin % is 29.11. Third Bench's value of 43.31% is 48.8% above this industry median.
How does Third Bench's Gross Margin % compare to SGI and SN?
Third Bench's Gross Margin % of 43.31% can be compared against companies in the Furnishings, Fixtures & Appliances industry. The industry median Gross Margin % is 29.11. Third Bench's value of 43.31% is 48.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Furnishings, Fixtures & Appliances company?
The median Gross Margin % among Furnishings, Fixtures & Appliances companies is 29.11, based on 419 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Third Bench's current Gross Margin % of 43.31% is 48.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Third Bench and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Gross Margin % is 29.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Third Bench's current Gross Margin % is 43.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Third Bench stock overvalued right now?
Third Bench (THBD) has a current Gross Margin % of 43.31%. The current Gross Margin % is 43.31% and 48.8% above the Furnishings, Fixtures & Appliances industry median of 29.11. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Third Bench (THBD), the current Gross Margin % is 43.31% as of May. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Third Bench Inc is a holding company. The company, along with its subsidiaries, offers products in categories: Residential Cabinets and countertops and commercial millwork throughout the Western U.S. for customers from California to Texas. It also provides installation services as a part of its vertical offering. Additionally, the company provides its products and services through its architectural millwork and retail facilities, located in Albuquerque and Las Cruces, New Mexico and Tucson, Arizona.
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