GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Graco Inc (NYSE:GGG) » Definitions » Gross Profit

Graco (GGG) Gross Profit : $1,142 Mil (TTM As of Mar. 2024)


View and export this data going back to 1986. Start your Free Trial

What is Graco Gross Profit?

Graco's gross profit for the three months ended in Mar. 2024 was $266 Mil. Graco's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $1,142 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Graco's gross profit for the three months ended in Mar. 2024 was $266 Mil. Graco's Revenue for the three months ended in Mar. 2024 was $492 Mil. Therefore, Graco's Gross Margin % for the quarter that ended in Mar. 2024 was 54.08%.

Graco had a gross margin of 54.08% for the quarter that ended in Mar. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Graco was 54.60%. The lowest was 49.33%. And the median was 53.05%.


Graco Gross Profit Historical Data

The historical data trend for Graco's Gross Profit 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.

Graco Gross Profit Chart

Graco Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 859.76 854.94 1,033.95 1,057.44 1,161.02

Graco Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Profit 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 285.14 291.42 284.52 299.94 266.20

Competitive Comparison of Graco's Gross Profit

For the Specialty Industrial Machinery subindustry, Graco's Gross Profit, along with its competitors' market caps and Gross Profit 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.


Graco's Gross Profit Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Graco's Gross Profit distribution charts can be found below:

* The bar in red indicates where Graco's Gross Profit falls into.



Graco Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Graco's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=2195.606 - 1034.585
=1,161

Graco's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )=Revenue - Cost of Goods Sold
=492.189 - 225.992
=266

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,142 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Graco'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 )
=(Revenue - Cost of Goods Sold) / Revenue
=266 / 492.189
=54.08 %

* 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.


Graco  (NYSE:GGG) Gross Profit 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

Graco had a gross margin of 54.08% for the quarter that ended in Mar. 2024 => Durable competitive advantage


Graco Gross Profit Related Terms

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


Graco (GGG) Business Description

Traded in Other Exchanges
Address
88-11th Avenue Northeast, Minneapolis, MN, USA, 55413
Graco manufactures equipment used for managing fluids, coatings, and adhesives, specializing in difficult-to-handle materials. Graco's business is organized into three segments: industrial, process, and contractor. The Minnesota-based firm serves a wide range of end markets, including industrial, automotive, and construction, and its broad array of products include pumps, valves, meters, sprayers, and equipment used to apply coatings, sealants, and adhesives. The firm generated roughly $2.1 billion in sales and $573 million in operating income in 2022.
Executives
Mark W Sheahan officer: VICE PRESIDENT AND TREASURER P.O. BOX 1441, MINNEAPOLIS MN 55440-1441
Angela F Wordell officer: Executive VP, Operations 88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Kathryn L Schoenrock officer: Executive Vice President 88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Caroline M Chambers officer: Vice President and Controller PO BOX 1441, MINNEAPOLIS MN 55440-1441
Eric Etchart director ROOM F, 22F CROSS REGION PLAZA, 899 LINGLING ROAD, SHANGHAI F4 200030
Van Sant R William director PO BOX 1441, MINNEAPOLIS MN 55440-1441
Timothy R White officer: President, EMEA 88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Ronita Banerjee officer: EVP, Chief HR Officer 88 11TH AVENUE NE, MINNEAPOLIS MN 55105
Jeffrey P. Johnson officer: Vice President 88 - 11TH AVENUE N.E., MINNEAPOLIS MN 55413
Heather L Anfang director 88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Dale D Johnson officer: VICE PRESIDENT P.O. BOX 1441, MINNEAPOLIS MN 5440-1441
Christopher D. Knutson officer: EVP, Corporate Controller 88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Claudio Merengo officer: President, Worldwide Gema 88 11TH AVENUE NE, MINNEAPOLIS MN 55413
J Kevin Gilligan director P O BOX 1441, MINNEAPOLIS MN 55440-1441
Archie C. Black director 333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS MN 55402

Graco (GGG) Headlines

From GuruFocus

Director Eric Etchart Sells 6,000 Shares of Graco Inc

By GuruFocus Research 11-04-2023

Graco Announces Regular Quarterly Dividend

By Business Wire Business Wire 06-16-2023

Graco Announces Regular Quarterly Dividend

By Business Wire 09-15-2023

Graco Inc's Dividend Analysis

By GuruFocus Research 01-18-2024

CORRECTING and REPLACING Graco Increases Quarterly Dividend 11.9 Percent

By Business Wire Business Wire 12-02-2022

Graco Inc. Announces Second Quarter 2022 Earnings Conference Call

By Business Wire Business Wire 07-12-2022

Graco Launches QUANTM Pump

By Business Wire Business Wire 12-16-2022