Innovate's gross profit for the
three
months ended in Dec. 2024 was $46 Mil. Innovate's gross profit for the trailing twelve months (TTM) ended in Dec. 2024 was $209 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Innovate's gross profit for the
three
months ended in Dec. 2024 was $46 Mil. Innovate's Revenue for the
three
months ended in Dec. 2024 was $237 Mil. Therefore, Innovate's Gross Margin % for the quarter that ended in Dec. 2024 was 19.61%.
Innovate had a gross margin of 19.61% for the quarter that ended in Dec. 2024 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of Innovate was 22.89%. The lowest was 9.82%. And the median was 14.35%.
Warning Sign:
Innovate Corp gross margin has been in long-term decline. The average rate of decline per year is -4.4%.
Innovate Gross Profit Historical Data
The historical data trend for Innovate'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 Engineering & Construction subindustry, Innovate'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.
Innovate's Gross Profit Distribution in the Construction Industry
For the Construction industry and Industrials sector, Innovate's Gross Profit distribution charts can be found below:
* The bar in red indicates where Innovate'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 $209 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.
Innovate (NYSE:VATE) 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
Innovate had a gross margin of 19.61% for the quarter that ended in Dec. 2024 => No sustainable competitive advantage
Innovate Gross Profit Related Terms
Thank you for viewing the detailed overview of Innovate's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Innovate Corp is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments which are; The infrastructure segment is comprised of DBM Global Inc, a fully integrated industrial construction, structural steel, and facility maintenance provider that provides fabrication and erection of structural steel and heavy steel plate services, The Life Sciences segment is comprised of Pansend Life Sciences which seeks to develop products to treat early osteoarthritis of the knee and aesthetic and medical technologies for the skin, and Spectrum segment is comprised of HC2 Broadcasting Holdings Inc which operates over-the-air broadcasting stations across the United States.
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