GAMCO Investors (GAMCO Investors) Gross Margin % : 52.58% (As of Jun. 2023)

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What is GAMCO Investors Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. GAMCO Investors's Gross Profit for the three months ended in Jun. 2023 was $31.1 Mil. GAMCO Investors's Revenue for the three months ended in Jun. 2023 was $59.2 Mil. Therefore, GAMCO Investors's Gross Margin % for the quarter that ended in Jun. 2023 was 52.58%.

Warning Sign:

GAMCO Investors Inc gross margin has been in long-term decline. The average rate of decline per year is -5.6%.

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

GAMI' s Gross Margin % Range Over the Past 10 Years
Min: 52.2 Med: 61.77 Max: 75.48
Current: 52.51

During the past 13 years, the highest Gross Margin % of GAMCO Investors was 75.48%. The lowest was 52.20%. And the median was 61.77%.

GAMI's Gross Margin % is ranked better than
51.78% of 533 companies
in the Asset Management industry
Industry Median: 50.37 vs GAMI: 52.51

GAMCO Investors had a gross margin of 52.58% for the quarter that ended in Jun. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for GAMCO Investors was -5.60% per year.

GAMCO Investors Gross Margin % Historical Data

The historical data trend for GAMCO Investors'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.

GAMCO Investors Gross Margin % Chart

GAMCO Investors Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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60.45

60.59

60.75

57.01

52.20

GAMCO Investors Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															52.29	53.87	51.28	52.58	-

Competitive Comparison of GAMCO Investors's Gross Margin %

For the Asset Management subindustry, GAMCO Investors'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.

GAMCO Investors's Gross Margin % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, GAMCO Investors's Gross Margin % distribution charts can be found below:

* The bar in red indicates where GAMCO Investors's Gross Margin % falls into.

GAMCO Investors Gross Margin % Calculation

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

GAMCO Investors'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 )
	=	123.1	/	235.865
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(235.865 - 112.75)	/	235.865
	=	52.20 %

GAMCO Investors's Gross Margin for the quarter that ended in Jun. 2023 is calculated as

Gross Margin % (Q: Jun. 2023 )	=	Gross Profit (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	31.1	/	59.171
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(59.171 - 28.056)	/	59.171
	=	52.58 %

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.

GAMCO Investors (OTCPK:GAMI) 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

GAMCO Investors had a gross margin of 52.58% for the quarter that ended in Jun. 2023 => 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.

GAMCO Investors Gross Margin % Related Terms

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

GAMCO Investors (GAMCO Investors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GAMCO Investors Inc (OTCPK:GAMI) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

6JV:Germany

Address

191 Mason Street, Greenwich, CT, USA, 06830

Website

https://www.gabelli.com

GAMCO Investors Inc is a provider of investment advisory services to open-end funds, closed-end funds, Exchange Traded Managed Funds (ETMFs), and institutional and private wealth management investors principally in the United States. The company invests in a variety of U.S. and international securities through various investment styles including value, growth, non-market correlated, and convertible securities. Its revenues are based primarily on the company's levels of assets under management (AUM) and fees associated with our various investment products. Its AUM are organized into three groups; Open and Closed-End Funds; Institutional and Private Wealth Management; and SICAV.

Executives

Ggcp, Inc.	10 percent owner	189 MASON STREET, GREENWICH CT 06830
Alexis Glick	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Associated Capital Group, Inc.	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Kieran Caterina	officer: Acting Co-CFO	ONE CORPORATE CENTER, RYE NY 10580
Van Der Eb Henry	other: Senior Vice President	100 CORPORATE NORTH, SUITE 201, BANNOCKBURN IL 60015
Peter D. Goldstein	officer: General Counsel	249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
Mario J Gabelli	director, 10 percent owner, officer: Chairman of the Board and CEO	191 MASON STREET, GREENWICH CT 06830
Leslie B Daniels	director	540 MADISON, 22ND FLOOR, NEW YORK NY 10022
Elisa M. Wilson	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Raymond Avansino	director	C/O ONE CORPORTATE CENTER, RYE NY 10580
Frederick J. Mancheski Revocable Trust Indenture, Dated June 8, 1999, As Amended	10 percent owner	C/O COLLIER, HALPERN & NEWBERG, LLP, ONE NORTH LEXINGTON AVENUE, 15TH FLOOR, WHITE PLAINS NY 10601
Diane Lapointe	officer: Acting Co-CFO	ONE CORPORATE CENTER, RYE NY 10580
Ggcp Holdings Llc	10 percent owner	140 GREENWICH AVENUE, GREENWICH CT 06830
Gabelli Securities Inc	10 percent owner	ONE CORPORATE CENTER, RYE NY 10580
Kevin Handwerker	officer: Executive VP & General Counsel