Tri Pointe Homes's gross profit for the
three
months ended in Sep. 2024 was $266 Mil. Tri Pointe Homes's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $1,047 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Tri Pointe Homes's gross profit for the
three
months ended in Sep. 2024 was $266 Mil. Tri Pointe Homes's Revenue for the
three
months ended in Sep. 2024 was $1,145 Mil. Therefore, Tri Pointe Homes's Gross Margin % for the quarter that ended in Sep. 2024 was 23.23%.
Tri Pointe Homes had a gross margin of 23.23% for the quarter that ended in Sep. 2024 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Tri Pointe Homes was 26.69%. The lowest was 19.78%. And the median was 22.38%.
Tri Pointe Homes Gross Profit Historical Data
The historical data trend for Tri Pointe Homes'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.
Competitive Comparison of Tri Pointe Homes's Gross Profit
For the Residential Construction subindustry, Tri Pointe Homes'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.
Tri Pointe Homes's Gross Profit Distribution in the Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Tri Pointe Homes's Gross Profit distribution charts can be found below:
* The bar in red indicates where Tri Pointe Homes's Gross Profit falls into.
Tri Pointe Homes Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Tri Pointe Homes's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,047 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.
Tri Pointe Homes (NYSE:TPH) 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
Tri Pointe Homes had a gross margin of 23.23% for the quarter that ended in Sep. 2024 => Competition eroding margins
Tri Pointe Homes Gross Profit Related Terms
Thank you for viewing the detailed overview of Tri Pointe Homes's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Tri Pointe Homes Inc is an American construction company that focuses on residential construction. The company designs and builds single-family homes and condominiums through its portfolio of six regional housing brands. Its largest regional brands include Maracay Homes, which operates in Arizona, and TRI Pointe and Pardee Homes, which operate in California, Nevada, and Colorado. From a geographic perspective, California is TRI Pointe's largest source of revenue, followed by Arizona and Nevada. The company also operates in Texas, Oregon, and Virginia. TRI Pointe completes approximately 4,000 homes annually with an average selling price around $500,000. TRI Pointe also is involved in the sale and development of land.
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