CPI Aerostructures (CPI Aerostructures) Gross Margin % : 17.41% (As of Dec. 2023)

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What is CPI Aerostructures Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. CPI Aerostructures's Gross Profit for the three months ended in Dec. 2023 was $4.09 Mil. CPI Aerostructures's Revenue for the three months ended in Dec. 2023 was $23.50 Mil. Therefore, CPI Aerostructures's Gross Margin % for the quarter that ended in Dec. 2023 was 17.41%.

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

CVU' s Gross Margin % Range Over the Past 10 Years
Min: -74.9 Med: 12.83 Max: 22.94
Current: 19.74

During the past 13 years, the highest Gross Margin % of CPI Aerostructures was 22.94%. The lowest was -74.90%. And the median was 12.83%.

CVU's Gross Margin % is ranked worse than
63.18% of 296 companies
in the Aerospace & Defense industry
Industry Median: 26.235 vs CVU: 19.74

CPI Aerostructures had a gross margin of 17.41% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for CPI Aerostructures was 29.30% per year.

CPI Aerostructures Gross Margin % Historical Data

The historical data trend for CPI Aerostructures'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.

CPI Aerostructures Gross Margin % Chart

CPI Aerostructures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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7.81

11.14

14.52

19.56

19.74

CPI Aerostructures Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															16.12	21.18	22.41	18.17	17.41

Competitive Comparison of CPI Aerostructures's Gross Margin %

For the Aerospace & Defense subindustry, CPI Aerostructures'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.

CPI Aerostructures's Gross Margin % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, CPI Aerostructures's Gross Margin % distribution charts can be found below:

* The bar in red indicates where CPI Aerostructures's Gross Margin % falls into.

CPI Aerostructures Gross Margin % Calculation

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

CPI Aerostructures'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 )
	=	17.1	/	86.466
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(86.466 - 69.4)	/	86.466
	=	19.74 %

CPI Aerostructures'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 )
	=	4.1	/	23.503
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(23.503 - 19.41)	/	23.503
	=	17.41 %

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.

CPI Aerostructures (AMEX:CVU) 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

CPI Aerostructures had a gross margin of 17.41% for the quarter that ended in Dec. 2023 => No sustainable 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.

CPI Aerostructures Gross Margin % Related Terms

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

CPI Aerostructures (CPI Aerostructures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » CPI Aerostructures Inc (AMEX:CVU) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

91 Heartland Boulevard, Edgewood, NY, USA, 11717

Website

https://www.cpiaero.com

CPI Aerostructures Inc is engaged in the manufacturing of structural aircraft parts for fixed-wing aircraft and helicopters in both the commercial and defense markets in the United States. It also provides engineering, program management, supply chain management and kitting, and Maintenance Repair and Overhaul (MRO) services. CPI also acts as a subcontractor to prime aircraft manufacturers in the production of commercial aircraft parts. CPI Aero supplies the E-2D Advanced Hawkeye surveillance aircraft, the A-10 Thunderbolt attack jet, the Gulfstream G650, the UH-60 BLACK HAWK helicopter, and the S-92 helicopter among others.

Executives

Pamela Levesque	director	91 HEARTLAND BOULEVARD, EDGEWOOD NY 11717
Richard C Rosenjack	director	C/O TRIUMPH GROUP, INC., 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312
Paul Packer	10 percent owner	C/O GLOBIS CAPITAL PARTNERS LP, 60 BROAD ST, NEW YORK NY 10004
Richard S Caswell	director	C/O CPI AEROSTRUCTURES, INC., 91 HEARTLAND BOULEVARD, EDGEWOOD NY 11717
Terry Dean Stinson	director	C/O LENNOX INTERNATIONAL INC., 2140 LAKE PARK BOULEVARD, RICHARDSON TX 75080-2254
Dorith Hakim	director, officer: CEO and President	C/O GRAUBARD MILLER, 405 LEXINGTON AVENUE - 11TH FLOOR, NEW YORK NY 10174
Bond E Carey	director	3210 CYPRESS MARSH DRIVE, FORT MYERS FL 33905
Michael Faber	director	701 PENNSYLVANIA AVENUE NW, SUITE 900, WASHINGTON DC DC 20004
Walter Paulick	director	30 TERRY PL, RIVERHEAD NY 11901
Eric Rosenfeld	director	777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Andrew L Davis	officer: Chief Financial Officer	C/O EMERSON RADIO CORP., 3 UNIVERSITY PLAZA, SUITE 405, HACKENSACK NJ 07601
Thomas E Powers	officer: Acting Chief Financial Officer	C/O TRIUMPH GROUP, INC., 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312
Dan Azmon	officer: Chief Financial Officer	600 THIRD AVENUE, NEW YORK NY 10016
Janet Katherine Cooper	director	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Awm Investment Company, Inc.	10 percent owner	527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022