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HashiCorp (HashiCorp) Gross Margin %

: 82.69% (As of Jan. 2024)
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Gross Margin % is calculated as gross profit divided by its revenue. HashiCorp's Gross Profit for the three months ended in Jan. 2024 was $128.8 Mil. HashiCorp's Revenue for the three months ended in Jan. 2024 was $155.8 Mil. Therefore, HashiCorp's Gross Margin % for the quarter that ended in Jan. 2024 was 82.69%.


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

HCP' s Gross Margin % Range Over the Past 10 Years
Min: 80.22   Med: 80.62   Max: 81.72
Current: 81.36


During the past 5 years, the highest Gross Margin % of HashiCorp was 81.72%. The lowest was 80.22%. And the median was 80.62%.

HCP's Gross Margin % is ranked better than
88.06% of 2629 companies
in the Software industry
Industry Median: 41.74 vs HCP: 81.36

HashiCorp had a gross margin of 82.69% for the quarter that ended in Jan. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for HashiCorp was 0.00% per year.


HashiCorp Gross Margin % Historical Data

The historical data trend for HashiCorp'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.

HashiCorp Annual Data
Trend Jan20 Jan21 Jan22 Jan23 Jan24
Gross Margin %
80.28 80.62 80.22 81.72 81.36

HashiCorp Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Gross Margin % 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 Premium Member Only Premium Member Only Premium Member Only 82.70 80.59 79.52 82.48 82.69

Competitive Comparison

For the Software - Infrastructure subindustry, HashiCorp'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.


HashiCorp Gross Margin % Distribution

For the Software industry and Technology sector, HashiCorp's Gross Margin % distribution charts can be found below:

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



HashiCorp Gross Margin % Calculation

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

HashiCorp's Gross Margin for the fiscal year that ended in Jan. 2024 is calculated as

Gross Margin % (A: Jan. 2024 )=Gross Profit (A: Jan. 2024 ) / Revenue (A: Jan. 2024 )
=474.4 / 583.137
=(Revenue - Cost of Goods Sold) / Revenue
=(583.137 - 108.699) / 583.137
=81.36 %

HashiCorp's Gross Margin for the quarter that ended in Jan. 2024 is calculated as


Gross Margin % (Q: Jan. 2024 )=Gross Profit (Q: Jan. 2024 ) / Revenue (Q: Jan. 2024 )
=128.8 / 155.783
=(Revenue - Cost of Goods Sold) / Revenue
=(155.783 - 26.972) / 155.783
=82.69 %

* 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.


HashiCorp  (NAS:HCP) 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

HashiCorp had a gross margin of 82.69% for the quarter that ended in Jan. 2024 => 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.


HashiCorp Gross Margin % Related Terms

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


HashiCorp (HashiCorp) Business Description

Traded in Other Exchanges
Address
101 Second Street, Suite 700, San Francisco, CA, USA, 94105
HashiCorp Inc is engaged in solving the infrastructure challenges of cloud adoption by enabling an operating model that unlocks the full potential of modern public and private clouds. Its cloud operating model provides consistent workflows and a standardized approach to automate the processes involved in delivering applications in the cloud: infrastructure provisioning, security, networking, and application deployment. Its main commercial products are Terraform, Vault, Consul, and Nomad.
Executives
Armon Dadgar director, 10 percent owner, officer: Chief Technology Officer C/O HASHICORP INC., 101 SECOND STREET, SUITE 700, SAN FRANCISCO CA 94105
Navam Welihinda officer: Chief Financial Officer C/O HASHICORP INC., 101 SECOND STREET, SUITE 700, SAN FRANCISCO CA 94105
Marc Holmes officer: Chief Marketing Officer C/O HASHICORP, INC., 101 SECOND STREET, SUITE 700, SAN FRANCISCO CA 94105
Ledger Susan St. director C/O OKTA, INC., 100 FIRST STREET, SUITE 600, SAN FRANCISCO CA 94105
David Mcjannet director, officer: CEO & Chairman C/O HASHICORP, INC., 101 SECOND STREET, SUITE 700, SAN FRANCISCO CA 94105
Brandon Sweeney officer: Chief Revenue Officer C/O HASHICORP, INC., 101 SECOND STREET, SUITE 700, SAN FRANCISCO CA 94105
Sigal Zarmi director 1501 YAMATO ROAD, BOCA RATON FL 33431
David J Henshall director 18880 HOMESTEAD ROAD, CUPERTINO CA 95014
Mayfield Xiv, A Cayman Islands Exempted Limited Partnership 10 percent owner 2484 SAND HILL ROAD, MENLO PARK CA 94025
Glenn Solomon director, 10 percent owner C/O GGV CAPITAL, 3000 SAND HILL ROAD, SUITE 4-230, MENLO PARK CA 94025
Ggv Capital Select L.l.c. 10 percent owner 3000 SAND HILL ROAD, SUITE 4-230, MENLO PARK CA 94025
Ggv Capital V L.l.c. 10 percent owner 3000 SAND HILL ROAD, BUILDING 4, SUITE 230, MENLO PARK CA 94025
Mayfield Select Management (egp), L.p. 10 percent owner 2484 SAND HILL ROAD, MENLO PARK CA 94025
Mf Leaders H-e, L.p. 10 percent owner 2484 SAND HILL ROAD, MENLO PARK CA 94025
Mf Leaders Management, L.l.c. 10 percent owner C/O MAYFIELD, 2484 SAND HILL ROAD, MENLO PARK CA 94025