Fincantieri SpA (MIL:FCT) Gross Profit : €1,484 Mil (TTM As of Dec. 2023)

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What is Fincantieri SpA Gross Profit?

Fincantieri SpA's gross profit for the six months ended in Dec. 2023 was €696 Mil. Fincantieri SpA's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was €1,484 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Fincantieri SpA's gross profit for the six months ended in Dec. 2023 was €696 Mil. Fincantieri SpA's Revenue for the six months ended in Dec. 2023 was €3,795 Mil. Therefore, Fincantieri SpA's Gross Margin % for the quarter that ended in Dec. 2023 was 18.35%.

Fincantieri SpA had a gross margin of 18.35% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Fincantieri SpA was 24.90%. The lowest was 18.24%. And the median was 21.88%.

Warning Sign:

Fincantieri SpA gross margin has been in long-term decline. The average rate of decline per year is -3.4%.

Fincantieri SpA Gross Profit Historical Data

The historical data trend for Fincantieri SpA'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.

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Fincantieri SpA Gross Profit Chart

Fincantieri SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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1,261.78

1,054.51

1,488.86

1,341.22

1,483.95

Fincantieri SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Profit	Get a 7-Day Free Trial															735.26	694.64	646.58	787.48	696.47

Competitive Comparison of Fincantieri SpA's Gross Profit

For the Aerospace & Defense subindustry, Fincantieri SpA'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.

Fincantieri SpA's Gross Profit Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Fincantieri SpA's Gross Profit distribution charts can be found below:

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

Fincantieri SpA Gross Profit Calculation

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

Fincantieri SpA'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
	=	7447.567	-	5963.622
	=	1,484

Fincantieri SpA's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	3794.72	-	3098.254
	=	696

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €1,484 Mil.

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

Fincantieri SpA's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	696	/	3794.72
	=	18.35 %

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.

Fincantieri SpA (MIL:FCT) 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

Fincantieri SpA had a gross margin of 18.35% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Fincantieri SpA Gross Profit Related Terms

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Fincantieri SpA (MIL:FCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Fincantieri SpA (MIL:FCT) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

FNCNF:USA 0QWN:UK 1F8:Germany

Address

Via Genova No 1, Trieste, ITA, 34121

Website

https://www.fincantieri.com

Fincantieri SpA constructs cruise ships, ferries, naval vessels, and other ships. It has three segments: equipment, systems, and services; shipbuilding; and offshore. The company's high-technology equipment and systems for ships provide stabilization, directional control, and power generation. Moreover, product lifecycle management and training generate aftermarket sales. The offshore segment builds drillships and drilling rigs with capabilities to operate in water. The company operates in various countries spreading across four continents (Europe, North America, South America, and Asia). It is not dependent on any specific country, as Italy generates the most sales.