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Lyft Gross Margin %

: 54.66% (As of Jun. 2021)
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Gross Margin % is calculated as gross profit divided by its revenue. Lyft's Gross Profit for the three months ended in Jun. 2021 was $418 Mil. Lyft's Revenue for the three months ended in Jun. 2021 was $765 Mil. Therefore, Lyft's Gross Margin % for the quarter that ended in Jun. 2021 was 54.66%.


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

NAS:LYFT' s Gross Margin % Range Over the Past 10 Years
Min: 18.73   Med: 38.79   Max: 42.34
Current: 42.19

18.73
42.34

During the past 5 years, the highest Gross Margin % of Lyft was 42.34%. The lowest was 18.73%. And the median was 38.79%.

NAS:LYFT's Gross Margin % is ranked lower than
99.99% of the 525 Companies
in the Software industry.

( Industry Median: 60.80 vs. NAS:LYFT: 42.19 )

Lyft had a gross margin of 54.66% for the quarter that ended in Jun. 2021 => Durable competitive advantage

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


Lyft Gross Margin % Historical Data

The historical data trend for Lyft'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.

Lyft Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20
Gross Margin %
18.73 37.77 42.34 39.81 38.79

Lyft Quarterly Data
Dec16 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 25.93 47.65 31.19 32.34 54.66

Competitive Comparison

For the Software - Application subindustry, Lyft'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.

   

Lyft Gross Margin % Distribution

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

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



Lyft Gross Margin % Calculation

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

Lyft's Gross Margin for the fiscal year that ended in Dec. 2020 is calculated as

Gross Margin % (A: Dec. 2020 )=Gross Profit (A: Dec. 2020 ) / Revenue (A: Dec. 2020 )
=917.2 / 2364.681
=(Revenue - Cost of Goods Sold) / Revenue
=(2364.681 - 1447.516) / 2364.681
=38.79 %

Lyft's Gross Margin for the quarter that ended in Jun. 2021 is calculated as


Gross Margin % (Q: Jun. 2021 )=Gross Profit (Q: Jun. 2021 ) / Revenue (Q: Jun. 2021 )
=418.1 / 765.025
=(Revenue - Cost of Goods Sold) / Revenue
=(765.025 - 346.89) / 765.025
=54.66 %

* 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.


Lyft  (NAS:LYFT) 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

Lyft had a gross margin of 54.66% for the quarter that ended in Jun. 2021 => 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.


Lyft Gross Margin % Related Terms

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


Lyft Business Description

Lyft logo
Industry
Technology » Software NAICS : 541511 SIC : 7371
Traded in Other Exchanges
Address
185 Berry Street, Suite 5000, San Francisco, CA, USA, 94107
Lyft is the second- largest ride-sharing service provider in the U.S., connecting riders and drivers over the Lyft app. Lyft recently entered the Canadian market in an effort to expand its market outside the U.S. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multimodal transportation options to users.
Executives
Sverchek Kristin officer: General Counsel and Secretary C/O LYFT, INC. 185 BERRY STREET, SUITE 5000 SAN FRANCISCO CA 94107
Rakuten, Inc. 10 percent owner 1-14-1, TAMAGAWA SETAGAYA-KU TOKYO M0 158-0094
Mikitani Hiroshi 10 percent owner C/O LYFT, INC. 185 BERRY STREET, SUITE 5000 SAN FRANCISCO CA 94107
Blackwood-kapral Lisa officer: Chief Accounting Officer C/O SHUTTERFLY 2800 BRIDGE PARKWAY REDWOOD CITY CA 94065
Wilderotter Mary Agnes director 115 ALPINE TERRACE OAKLAND CA 94618
Green Logan director, officer: Chief Executive Officer C/O EBAY INC. 2025 HAMILTON AVE. SAN JOSE CA 95125
Zimmer John Patrick director, officer: President C/O LYFT, INC. 185 BERRY STREET, SUITE 5000 SAN FRANCISCO CA 94107
Lipkovitz Eisar officer: EVP, Rideshare and Engineering C/O LYFT, INC. 185 BERRY STREET, SUITE 5000 SAN FRANCISCO CA 94107
Roberts Brian Keith officer: Chief Financial Officer C/O LYFT, INC. 185 BERRY STREET, SUITE 5000 SAN FRANCISCO CA 94107
Jarrett Valerie B director USG CORPORATION 125 SOUTH FRANKLIN STREET CHICAGO IL 60606
Aggarwal Prashant director C/O ARLO TECHNOLOGIES, INC. 350 EAST PLUMERIA DR SAN JOSE CA 95134
Miura-ko R. Ann director C/O LYFT, INC. 185 BERRY STREET, SUITE 5000 SAN FRANCISCO CA 94107
Lawee David director C/O LYFT, INC. 185 BERRY STREET, SUITE 5000 SAN FRANCISCO CA 94107
Makavy Ran I. officer: EVP and Chief Product Officer C/O LYFT, INC. 185 BERRY STREET, SUITE 5000 SAN FRANCISCO CA 94107
Horowitz Benjamin A director 2865 SAND HILL ROAD #101 MENLO PARK CA 94025

Lyft Headlines

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