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Flexible Solutions International (Flexible Solutions International) Gross Margin % : 29.08% (As of Dec. 2023)


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What is Flexible Solutions International Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Flexible Solutions International's Gross Profit for the three months ended in Dec. 2023 was $2.74 Mil. Flexible Solutions International's Revenue for the three months ended in Dec. 2023 was $9.43 Mil. Therefore, Flexible Solutions International's Gross Margin % for the quarter that ended in Dec. 2023 was 29.08%.

Warning Sign:

Flexible Solutions International Inc gross margin has been in long-term decline. The average rate of decline per year is -2.4%.


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

FSI' s Gross Margin % Range Over the Past 10 Years
Min: 26.97   Med: 31.97   Max: 43.02
Current: 26.97


During the past 13 years, the highest Gross Margin % of Flexible Solutions International was 43.02%. The lowest was 26.97%. And the median was 31.97%.

FSI's Gross Margin % is ranked better than
61.66% of 1510 companies
in the Chemicals industry
Industry Median: 22.315 vs FSI: 26.97

Flexible Solutions International had a gross margin of 29.08% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Flexible Solutions International was -2.40% per year.


Flexible Solutions International Gross Margin % Historical Data

The historical data trend for Flexible Solutions 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.

Flexible Solutions International Gross Margin % Chart

Flexible Solutions International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.42 31.09 33.12 30.26 26.97

Flexible Solutions 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 % Get a 7-Day Free Trial 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 24.68 31.33 29.42 16.88 29.08

Competitive Comparison of Flexible Solutions International's Gross Margin %

For the Specialty Chemicals subindustry, Flexible Solutions 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.


Flexible Solutions International's Gross Margin % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Flexible Solutions International's Gross Margin % distribution charts can be found below:

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



Flexible Solutions International Gross Margin % Calculation

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

Flexible Solutions 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 )
=10.3 / 38.325
=(Revenue - Cost of Goods Sold) / Revenue
=(38.325 - 27.988) / 38.325
=26.97 %

Flexible Solutions 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 )
=2.7 / 9.425
=(Revenue - Cost of Goods Sold) / Revenue
=(9.425 - 6.684) / 9.425
=29.08 %

* 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.


Flexible Solutions International  (AMEX:FSI) 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

Flexible Solutions International had a gross margin of 29.08% 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.


Flexible Solutions International Gross Margin % Related Terms

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


Flexible Solutions International (Flexible Solutions International) Business Description

Traded in Other Exchanges
N/A
Address
6001 54 Avenue, Taber, AB, CAN, T1G 1X4
Flexible Solutions International Inc develops, manufactures, and markets specialty chemicals that slow the evaporation of water. Its business is organized into two segments Energy and Water Conservation Products, and Biodegradable Polymers. It primarily offers a liquid swimming pool blanket under the WATERSAVR brand, which saves energy and water by inhibiting evaporation from the pool surface, a chemical product called HEATSAVR, for use in swimming pools and spas to slow the water evaporation. The firm also manufactures and markets water-soluble chemicals utilizing thermal polyaspartate biopolymers. It generates most of its revenues from the export of its products to international markets.
Executives
O Brien Daniel B director, 10 percent owner, officer: President/CEO 2614 QUEENSWOOD DR, VICTORIA B C, V8N 1X6 A1 V6C 3L6
Thomas Murray Fyles director 3478 CARDIFF PLACE, VICTORIA A1 V8P 4Z1
Robert T Helina director P.O. BOX 670, (345) 323-7888, GEORGETOWN E9 KY1-1107
John H Bientjes director 1-230 W 13TH ST, N VANCOUVER B C, V8N 1X5
Eric Glen Hodges director 204 GOVERNMENT STREET, VICTORIA A1 V8V 2K9
Fred J Kupel officer: Chief Financial Officer 3735 SE OGDEN STREET, PORTLAND OR 97202
O Brien Dr Robert N director, 10 percent owner 2614 QUEENSWOOD DR, VICTORIA B C, V8N 1X6
Dale Friend director