Eagle Bulk Shipping (Eagle Bulk Shipping) Gross Margin % : 28.92% (As of Dec. 2023)

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What is Eagle Bulk Shipping Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Eagle Bulk Shipping's Gross Profit for the three months ended in Dec. 2023 was $30.3 Mil. Eagle Bulk Shipping's Revenue for the three months ended in Dec. 2023 was $104.6 Mil. Therefore, Eagle Bulk Shipping's Gross Margin % for the quarter that ended in Dec. 2023 was 28.92%.

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

EGLE' s Gross Margin % Range Over the Past 10 Years
Min: -51.45 Med: 13.29 Max: 49.69
Current: 17.67

During the past 13 years, the highest Gross Margin % of Eagle Bulk Shipping was 49.69%. The lowest was -51.45%. And the median was 13.29%.

EGLE's Gross Margin % is ranked worse than
57.57% of 945 companies
in the Transportation industry
Industry Median: 20.03 vs EGLE: 17.67

Eagle Bulk Shipping had a gross margin of 28.92% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Eagle Bulk Shipping was 10.20% per year.

Eagle Bulk Shipping Gross Margin % Historical Data

The historical data trend for Eagle Bulk Shipping'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.

Eagle Bulk Shipping Gross Margin % Chart

Eagle Bulk Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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13.55

10.04

49.69

40.32

17.67

Eagle Bulk Shipping 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															26.28	12.66	18.13	9.26	28.92

Competitive Comparison of Eagle Bulk Shipping's Gross Margin %

For the Marine Shipping subindustry, Eagle Bulk Shipping'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.

Eagle Bulk Shipping's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Eagle Bulk Shipping's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Eagle Bulk Shipping's Gross Margin % falls into.

Eagle Bulk Shipping Gross Margin % Calculation

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

Eagle Bulk Shipping'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 )
	=	69.6	/	393.799
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(393.799 - 324.202)	/	393.799
	=	17.67 %

Eagle Bulk Shipping'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 )
	=	30.3	/	104.589
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(104.589 - 74.339)	/	104.589
	=	28.92 %

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.

Eagle Bulk Shipping (NYSE:EGLE) 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

Eagle Bulk Shipping had a gross margin of 28.92% 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.

Eagle Bulk Shipping Gross Margin % Related Terms

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Eagle Bulk Shipping (Eagle Bulk Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Eagle Bulk Shipping Inc (NYSE:EGLE) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

E1BP:Germany E1B1:Germany

Address

300 First Stamford Place, 5th Floor, Stamford, CT, USA, 06902

Website

https://www.eagleships.com

Eagle Bulk Shipping Inc is a U.S.-based, fully integrated shipowner-operator, providing global transportation solutions to miners, producers, traders and end users. The company is engaged in the ocean transportation of drybulk cargoes worldwide through the ownership, charter and operation of drybulk vessels. The company focuses on the versatile midsize drybulk vessel segment. The Company's fleet is comprised of Supramax and Ultramax drybulk carriers.

Executives

Justin A. Knowles	director	9-10 ST. ANDREW SQUARE, EDINBURGH X0 EH2 2AF
Castor Maritime Inc.	10 percent owner	CHRISTODOULOU CHATZIPAVLOU 223, HAWAII ROYAL GARDENS, APART. 16, LIMASSOL G4 3036
Gary Vogel	director, officer: Chief Executive Officer	C/O EAGLE BULK SHIPPING INC., 477 MADISON AVENUE, NEW YORK NY 10022
Oaktree Fund Gp I, L.p.	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Danaos Corp	10 percent owner	14 AKTI KONDYLI, 185 45 PIRAEUS, ATHENS J3 00000
Oaktree Capital I, L.p.	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Ocm Holdings I, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Holdings, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Fund Gp, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Bam Partners Trust	10 percent owner	181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Tsoutsoplides Constantine	officer: Chief Financial Officer	C/O EAGLE BULK SHIPPING INC., 300 FIRST STAMFORD PLACE, STAMFORD CT 06902
Alexandra Kate Blankenship	director	33 BENEDICT PLACE, 2ND FLOOR, GREENWICH CT 06830
De Costanzo Frank	officer: Chief Financial Officer	C/O EAGLE BULK SHIPPING INC., 300 FIRST STAMFORD PLACE, 5TH FLOOR, STAMFORD CT 06902
Randee E Day	director	217 DEBRA LANE, PALM BEACH FL 33480
Oaktree Capital Group Holdings Gp, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071