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CRA International (CRA International) Gross Margin %

: 30.27% (As of Dec. 2023)
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Gross Margin % is calculated as gross profit divided by its revenue. CRA International's Gross Profit for the three months ended in Dec. 2023 was $48.9 Mil. CRA International's Revenue for the three months ended in Dec. 2023 was $161.6 Mil. Therefore, CRA International's Gross Margin % for the quarter that ended in Dec. 2023 was 30.27%.


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

CRAI' s Gross Margin % Range Over the Past 10 Years
Min: 27.08   Med: 30.03   Max: 32.5
Current: 29.52


During the past 13 years, the highest Gross Margin % of CRA International was 32.50%. The lowest was 27.08%. And the median was 30.03%.

CRAI's Gross Margin % is ranked worse than
57.13% of 996 companies
in the Business Services industry
Industry Median: 34.945 vs CRAI: 29.52

CRA International had a gross margin of 30.27% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for CRA International was -0.10% per year.


CRA International Gross Margin % Historical Data

The historical data trend for CRA International'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.

CRA International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.60 27.08 29.31 30.60 29.52

CRA International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.56 29.45 30.03 28.23 30.27

Competitive Comparison

For the Consulting Services subindustry, CRA International'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.


CRA International Gross Margin % Distribution

For the Business Services industry and Industrials sector, CRA International's Gross Margin % distribution charts can be found below:

* The bar in red indicates where CRA International's Gross Margin % falls into.



CRA International Gross Margin % Calculation

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

CRA International's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=184.2 / 623.976
=(Revenue - Cost of Goods Sold) / Revenue
=(623.976 - 439.751) / 623.976
=29.52 %

CRA International's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=48.9 / 161.613
=(Revenue - Cost of Goods Sold) / Revenue
=(161.613 - 112.687) / 161.613
=30.27 %

* 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.


CRA International  (NAS:CRAI) 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

CRA International had a gross margin of 30.27% for the quarter that ended in Dec. 2023 => 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.


CRA International Gross Margin % Related Terms

Thank you for viewing the detailed overview of CRA International's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


CRA International (CRA International) Business Description

Traded in Other Exchanges
Address
200 Clarendon Street, Boston, MA, USA, 02116-5092
CRA International Inc is a U.S.-based advisory firm that provides economic, financial, and management consultancy services. The company advises clients on economic and financial issues relating to litigation and regulatory proceedings and helps businesses set important business strategies and solve performance-related issues. The company's clients include domestic and foreign companies, government agencies, public and private utilities, and national and international trade associations. CRA International generates almost all its revenue from the United States and the United Kingdom.
Executives
Paul A Maleh officer: EVP, Platform Leader 200 CLARENDON STREET, T-9, BOSTON MA 02116
Chad M Holmes officer: CFO, EVP and Treasurer 200 CLARENDON STREET, T-9, BOSTON MA 02116
Jonathan D Yellin officer: EVP and General Counsel 200 CLARENDON STREET, T-9, BOSTON MA 02116
Thomas Aiken Avery director 465 LAUREL CHASE COURT, ATLANTA GA 30327
Heather Tookes director C/O FTAC OLYMPUS ACQUISITION CORP., 2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104
Robert W Holthausen director 200 CLARENDON STREET, T-9, BOSTON MA 02116
Alva Taylor director C/O CRA INTERNATIONAL, INC., 200 CLARENDON STREET, BOSTON MA 02116
Nancy Hawthorne director AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803
Christine Rose Detrick director 200 CLARENDON STREET, T-9, BOSTON MA 02116
Daniel K. Mahoney officer: CFO, EVP and Treasurer C/O OLD MUTUAL ASSET MANAGEMENT, 200 CLARENDON STREET, BOSTON MA 02116
Richard Douglas Booth director 200 CLARENDON STREET, T-9, BOSTON MA 02116
William F Concannon director 200 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10166
Rowland Moriarty director 200 CLARENDON ST T33, BOSTON MA 02116
Robert A Whitman director 4200 TEXAS COMMERCE TOWER WEST, 2200 ROSS AVE, DALLAS TX 75201
Douglas C Miller officer: VP, Chief Accounting Officer ONE AMERICAN ROW, P.O. BOX 5056, HARTFORD CT 06052