Lazard's gross profit for the
three
months ended in Dec. 2024 was $264 Mil. Lazard's gross profit for the trailing twelve months (TTM) ended in Dec. 2024 was $976 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Lazard's gross profit for the
three
months ended in Dec. 2024 was $264 Mil. Lazard's Revenue for the
three
months ended in Dec. 2024 was $825 Mil. Therefore, Lazard's Gross Margin % for the quarter that ended in Dec. 2024 was 32.06%.
Lazard had a gross margin of 32.06% for the quarter that ended in Dec. 2024 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Lazard was 42.62%. The lowest was 19.37%. And the median was 37.75%.
Warning Sign:
Lazard Inc gross margin has been in long-term decline. The average rate of decline per year is -7.5%.
Lazard Gross Profit Historical Data
The historical data trend for Lazard'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.
For the Capital Markets subindustry, Lazard'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.
Lazard's Gross Profit Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Lazard's Gross Profit distribution charts can be found below:
* The bar in red indicates where Lazard's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $976 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Lazard's Gross Margin % for the quarter that ended in Dec. 2024 is calculated as
* 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.
Lazard (NYSE:LAZ) 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
Lazard had a gross margin of 32.06% for the quarter that ended in Dec. 2024 => Competition eroding margins
Lazard Gross Profit Related Terms
Thank you for viewing the detailed overview of Lazard's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Lazard has a storied history that can be traced back to 1848. The company's revenue is fairly evenly split between financial advisory, such as acquisition and restructuring advisory, and asset management. The company's asset management business is primarily driven by equities (over 80% of assets under management), has an international focus, and targets institutional clients. By geography, the company earns approximately 60% of revenue in the Americas, 35% in EMEA, and 5% in Asia-Pacific. Lazard has offices across more than 20 countries and over 3,000 employees.
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