The historical rank and industry rank for Worthington Steel's Gross Margin % or its related term are showing as below:
WS'
s Gross Margin % Range Over the Past 10 Years
Min: 9.43 Med: 9.72 Max: 17.43
Current: 13.61
During the past 3 years, the highestGross Margin % of Worthington Steel was 17.43%. The lowest was 9.43%. And the median was 9.72%.
WS's Gross Margin % is ranked better than 52.31% of 585
companies
in the Steel industry
Industry Median: 13.01
vs WS: 13.61
Worthington Steel had a gross margin of 14.90% for the quarter that ended in Feb. 2024 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Worthington Steel was 0.00% per year.
Worthington Steel Gross Margin % Historical Data
The historical data trend for Worthington Steel'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 Worthington Steel's Gross Margin %
For the Steel subindustry, Worthington Steel'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.
Worthington Steel's Gross Margin % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Worthington Steel's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Worthington Steel'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
Worthington Steel had a gross margin of 14.90% for the quarter that ended in Feb. 2024 => No sustainable 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.
Worthington Steel Gross Margin % Related Terms
Thank you for viewing the detailed overview of Worthington Steel's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Worthington Steel (Worthington Steel) Business Description
Worthington Steel Inc is one of North America's premier value-added steel processors with the ability to provide a diversified range of products and services that span a variety of end markets. It maintains market-leading positions in the North American carbon flat-rolled steel and tailor-welded blanks industries.
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