Progressive Waste Solutions (Progressive Waste Solutions) Gross Margin % : 35.83% (As of Mar. 2016)

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What is Progressive Waste Solutions Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Progressive Waste Solutions's Gross Profit for the three months ended in Mar. 2016 was $169 Mil. Progressive Waste Solutions's Revenue for the three months ended in Mar. 2016 was $471 Mil. Therefore, Progressive Waste Solutions's Gross Margin % for the quarter that ended in Mar. 2016 was 35.83%.

The historical rank and industry rank for Progressive Waste Solutions's Gross Margin % or its related term are showing as below:

BIN's Gross Margin % is not ranked ^*
in the Waste Management industry.
Industry Median: 28.65
* Ranked among companies with meaningful Gross Margin % only.

Progressive Waste Solutions had a gross margin of 35.83% for the quarter that ended in Mar. 2016 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Progressive Waste Solutions was 0.00% per year.

Progressive Waste Solutions Gross Margin % Historical Data

The historical data trend for Progressive Waste Solutions's Gross Margin % 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.

* Premium members only.

Progressive Waste Solutions Gross Margin % Chart

Progressive Waste Solutions Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Gross Margin %

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40.54

39.12

38.34

37.97

36.05

Progressive Waste Solutions Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16
Gross Margin %	Get a 7-Day Free Trial															35.35	35.11	36.91	36.81	35.83

Competitive Comparison of Progressive Waste Solutions's Gross Margin %

For the Waste Management subindustry, Progressive Waste Solutions's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.

Progressive Waste Solutions's Gross Margin % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Progressive Waste Solutions's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Progressive Waste Solutions's Gross Margin % falls into.

Progressive Waste Solutions Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Progressive Waste Solutions's Gross Margin for the fiscal year that ended in Dec. 2015 is calculated as

Gross Margin % (A: Dec. 2015 )	=	Gross Profit (A: Dec. 2015 )	/	Revenue (A: Dec. 2015 )
	=	694.2	/	1925.592
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1925.592 - 1231.377)	/	1925.592
	=	36.05 %

Progressive Waste Solutions's Gross Margin for the quarter that ended in Mar. 2016 is calculated as

Gross Margin % (Q: Mar. 2016 )	=	Gross Profit (Q: Mar. 2016 )	/	Revenue (Q: Mar. 2016 )
	=	168.9	/	471.438
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(471.438 - 302.543)	/	471.438
	=	35.83 %

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.

Progressive Waste Solutions (NYSE:BIN) Gross Margin % 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

Progressive Waste Solutions had a gross margin of 35.83% for the quarter that ended in Mar. 2016 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Progressive Waste Solutions Gross Margin % Related Terms

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Progressive Waste Solutions (Progressive Waste Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Progressive Waste Solutions Ltd (NYSE:BIN) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.progressivewaste.com

Progressive Waste Solutions Ltd was incorporated on May 20, 2009 under the provisions of the Business Corporations Act (Ontario). The Company provides vertically integrated non-hazardous solid waste services to commercial, industrial, municipal and residential customers in Canada and the U.S. The Company carries on business through three geographic segments: Canada, the U.S. South and the U.S. Northeast. The business segments are vertically integrated and their operations include the collection and disposal of waste and recyclable materials, transfer station operations, material recovery facilities, landfills and landfill gas to energy facilities.

Executives

James Little	officer: Executive VP Engineering	3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Edward E Guillet	director	C/O WASTE CONNECTIONS, INC, 610 APPLEWOOD CRESCENT, SUITE 200, VAUGHAN A6 L4K 0C3
Elise Lipman Jordan	director	3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Ronald J Mittelstaedt	director, officer: Executive Chairman	3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Jason Craft	officer: Sr Vice President-Operations	3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Worthing Jackman	director, officer: President and CEO	3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Michael W Harlan	director	C/O WASTE CONNECTIONS, INC., 610 APPLEWOOD CRESCENT, SUITE 200, VAUGHAN A6 L4K 0C3
Patrick James Shea	officer: Exec VP, General Counsel & Sec	3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
David M Hall	officer: Sr. Vice President - Sales	3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Mary Anne Whitney	officer: Sr Vice President & CFO	3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Matthew Stephen Black	officer: Sr. Vice President - Tax	3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
David Eddie	officer: Sr. VP & Chief Accting Officer	3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Eric Hansen	officer: Senior Vice President and CIO	3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Darrell W Chambliss	officer: EVP & COO	3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
William J Razzouk	director	C/O WASTE CONNECTIONS, INC, 610 APPLEWOOD CRESCENT, SUITE 200, VAUGHAN A6 L4K 0C3

Progressive Waste Solutions (Progressive Waste Solutions) Headlines

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