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Psychemedics's gross profit for the
three
months ended in Dec. 2024 was $1.39 Mil. Psychemedics's gross profit for the trailing twelve months (TTM) ended in Dec. 2024 was $7.10 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Psychemedics's gross profit for the
three
months ended in Dec. 2024 was $1.39 Mil. Psychemedics's Revenue for the
three
months ended in Dec. 2024 was $4.43 Mil. Therefore, Psychemedics's Gross Margin % for the quarter that ended in Dec. 2024 was 31.37%.
Psychemedics had a gross margin of 31.37% for the quarter that ended in Dec. 2024 => Competition eroding margins
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
Psychemedics had a gross margin of 31.37% for the quarter that ended in Dec. 2024 => Competition eroding margins
Psychemedics Gross Profit Related Terms
Psychemedics Gross Profit Historical Data
* Premium members only.
The historical data trend for Psychemedics'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 Diagnostics & Research subindustry, Psychemedics'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.
Psychemedics Gross Profit vs Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Psychemedics's Gross Profit distribution charts can be found below:
* The bar in red indicates where Psychemedics'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 $7.10 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
Psychemedics (PMDI) has a Gross Profit of $7.10 Mil as of Dec. 2024. Gross Profit equals net sales less total cost of goods sold. View historical data on Psychemedics and its competitors.
Is Psychemedics' Gross Profit too high?
Psychemedics' current Gross Profit is $7.10 Mil. Overall, Psychemedics has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Psychemedics' Gross Profit compare to MBAI and MYNZ?
Psychemedics' Gross Profit of $7.10 Mil can be compared against companies in the Medical Diagnostics & Research industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for a Medical Diagnostics & Research company?
A good Gross Profit depends on the Medical Diagnostics & Research industry context. However, Gross Profit should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on Psychemedics and its competitors. Psychemedics's current Gross Profit is $7.10 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Psychemedics stock overvalued right now?
Psychemedics (PMDI) has a current Gross Profit of $7.10 Mil. The current Gross Profit is $7.10 Mil. Psychemedics' overall GF Score™ is 58/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For Psychemedics (PMDI), the current Gross Profit is $7.10 Mil as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Psychemedics Corp provides testing services for the detection of drug abuse and other health markers through the analysis of hair samples. The company generates revenue mainly from providing drug and alcohol testing services for its customers for an agreed-upon fee per unit tested. Its testing methods utilize a patented technology that digests the hair and releases drugs trapped in it without destroying the drugs. Geographically, the majority of its revenue comes from the United States, and also has a presence in other markets.
58GF Score
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