CVR Partners LP (CVR Partners LP) Gross Margin % : 21.45% (As of Mar. 2024)

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What is CVR Partners LP Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. CVR Partners LP's Gross Profit for the three months ended in Mar. 2024 was $27.4 Mil. CVR Partners LP's Revenue for the three months ended in Mar. 2024 was $127.7 Mil. Therefore, CVR Partners LP's Gross Margin % for the quarter that ended in Mar. 2024 was 21.45%.

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

UAN' s Gross Margin % Range Over the Past 10 Years
Min: 4.71 Med: 22.8 Max: 42.17
Current: 24.52

During the past 13 years, the highest Gross Margin % of CVR Partners LP was 42.17%. The lowest was 4.71%. And the median was 22.80%.

UAN's Gross Margin % is ranked better than
52.56% of 234 companies
in the Agriculture industry
Industry Median: 23.015 vs UAN: 24.52

CVR Partners LP had a gross margin of 21.45% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for CVR Partners LP was 38.50% per year.

CVR Partners LP Gross Margin % Historical Data

The historical data trend for CVR Partners LP'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.

CVR Partners LP Gross Margin % Chart

CVR Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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14.01

7.10

30.43

42.17

34.11

CVR Partners LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															51.68	40.48	13.03	17.26	21.45

Competitive Comparison of CVR Partners LP's Gross Margin %

For the Agricultural Inputs subindustry, CVR Partners LP'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.

CVR Partners LP's Gross Margin % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, CVR Partners LP's Gross Margin % distribution charts can be found below:

* The bar in red indicates where CVR Partners LP's Gross Margin % falls into.

CVR Partners LP Gross Margin % Calculation

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

CVR Partners LP'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 )
	=	232.5	/	681.477
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(681.477 - 449.013)	/	681.477
	=	34.11 %

CVR Partners LP's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	27.4	/	127.665
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(127.665 - 100.287)	/	127.665
	=	21.45 %

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.

CVR Partners LP (NYSE:UAN) 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

CVR Partners LP had a gross margin of 21.45% for the quarter that ended in Mar. 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.

CVR Partners LP Gross Margin % Related Terms

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

CVR Partners LP (CVR Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » CVR Partners LP (NYSE:UAN) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2277 Plaza Drive, Suite 500, Sugar Land, TX, USA, 77479

Website

https://www.cvrpartners.com

CVR Partners LP is a manufacturer and supplier of nitrogen fertilizer products. Its principal products include Urea Ammonium Nitrate (UAN) and ammonia. The company market ammonia products to industrial and agricultural customers and UAN products to agricultural customers. The primary geographic markets for its fertilizer products are Kansas, Missouri, Nebraska, Iowa, Illinois, Colorado, and Texas. The company's product sales are heavily weighted toward UAN.

Executives

Jordan Bleznick	director	C/O ENZON PHANNACEUTICALS, INC., 120 COMMERCE DRIVE (SUITE 135), CRANFORD NJ 07016
Mark A Pytosh	director	C/O CVR PARTNERS, LP, 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Melissa M Buhrig	officer: EVP, General Counsel & Sec.	C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Dane J. Neumann	officer: Interim CFO, VP-Fin.&Treasurer	2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Jeffrey D. Conaway	officer: VP, CAO & Corp. Controller	2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
David Willetts	director	16690 COLLINS AVENUE - PH-1, SUNNY ISLES BEACH FL 33160
Kapiljeet Dargan	director	16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160
Patricia A. Agnello	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Donna R Ecton	director	C/O BODY CENTRAL CORP., 6225 POWERS AVENUE, JACKSONVILLE FL 32217
Hunter Clark Gary	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Matthew W. Bley	officer: CAO and Corp. Controller	2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Tracy Dawn Jackson	officer: EVP and CFO	19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259
Janice T Develasco	officer: VP-Env., Health, Safety & Sec.	2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Blackstone Holdings I L.p.	10 percent owner	C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Gso Cactus Credit Opportunities Fund Lp	10 percent owner	345 PARK AVENUE, 31ST FLOOR, NEW YORK NY 10154