The historical rank and industry rank for Global Industrial Co's Gross Margin % or its related term are showing as below:
GIC'
s Gross Margin % Range Over the Past 10 Years
Min: 17.93 Med: 34.36 Max: 36.12
Current: 34.2
During the past 13 years, the highestGross Margin % of Global Industrial Co was 36.12%. The lowest was 17.93%. And the median was 34.36%.
GIC's Gross Margin % is ranked better than 74.83% of 143
companies
in the Industrial Distribution industry
Industry Median: 23.33
vs GIC: 34.20
Global Industrial Co had a gross margin of 33.80% for the quarter that ended in Dec. 2023 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Global Industrial Co was 0.40% per year.
Global Industrial Co Gross Margin % Historical Data
The historical data trend for Global Industrial Co'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.
Competitive Comparison of Global Industrial Co's Gross Margin %
For the Industrial Distribution subindustry, Global Industrial Co'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.
Global Industrial Co's Gross Margin % Distribution in the Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Global Industrial Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Global Industrial Co's Gross Margin % falls into.
* 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.
Global Industrial Co (NYSE:GIC) 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
Global Industrial Co had a gross margin of 33.80% 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.
Global Industrial Co Gross Margin % Related Terms
Thank you for viewing the detailed overview of Global Industrial Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Global Industrial Co (Global Industrial Co) Business Description
Global Industrial Co is a value-added industrial distributor. It distributes a wide range of industrial and maintenance, repair, and operations (MRO) products to customers across North America, including storage and shelving, safety and security, carts and trucks, HVAC and fans, furniture and decor, material handling, janitorial and facility maintenance, workbenches and shop desks, tools and instruments, plumbing and pumps, office and school supplies, packaging and shipping, lighting and electrical, food service and retail, medical and laboratory, motors and power transmission, building supplies, machining, fasteners and hardware, vehicle maintenance, and raw materials.
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