The historical rank and industry rank for Mr. Cooper Group's Gross Margin % or its related term are showing as below:
COOP'
s Gross Margin % Range Over the Past 10 Years
Min: 34.45 Med: 45.38 Max: 57.34
Current: 52.76
During the past 13 years, the highestGross Margin % of Mr. Cooper Group was 57.34%. The lowest was 34.45%. And the median was 45.38%.
COOP's Gross Margin % is ranked better than 71.79% of 39
companies
in the Banks industry
Industry Median: 39.78
vs COOP: 52.76
Mr. Cooper Group had a gross margin of 54.43% for the quarter that ended in Mar. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Mr. Cooper Group was 0.00% per year.
Mr. Cooper Group Gross Margin % Historical Data
The historical data trend for Mr. Cooper Group'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.
Competitive Comparison of Mr. Cooper Group's Gross Margin %
For the Mortgage Finance subindustry, Mr. Cooper Group'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.
Mr. Cooper Group's Gross Margin % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Mr. Cooper Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Mr. Cooper Group's Gross Margin % falls into.
* 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.
Mr. Cooper Group (NAS:COOP) 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
Mr. Cooper Group had a gross margin of 54.43% for the quarter that ended in Mar. 2024 => Durable competitive advantage
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.
Mr. Cooper Group Gross Margin % Related Terms
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Mr. Cooper Group (Mr. Cooper Group) Business Description
Mr. Cooper Group Inc is a home loan servicer. The company focuses on delivering a variety of servicing and lending products. It has two operating segments namely Servicing segment which performs operational activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, and customer service and The Originations segment originates residential mortgage loans through a direct-to-consumer channel, which provides refinance options for existing customers, and through a correspondent channel, which purchases or originates loans from mortgage bankers and brokers.
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