Gross Margin % is calculated as gross profit divided by its revenue. Magellan Midstream Partners LP's Gross Profit for the
three
months ended in Jun. 2022 was $448 Mil. Magellan Midstream Partners LP's Revenue for the
three
months ended in Jun. 2022 was $789 Mil. Therefore, Magellan Midstream Partners LP's Gross Margin % for the quarter that ended in Jun. 2022 was 56.75%.
The historical rank and industry rank for Magellan Midstream Partners LP's Gross Margin % or its related term are showing as below:
MMP'
s Gross Margin % Range Over the Past 10 Years
Min: 55.69 Med: 67.39 Max: 71.94
Current: 58.77
During the past 13 years, the highestGross Margin % of Magellan Midstream Partners LP was 71.94%. The lowest was 55.69%. And the median was 67.39%.
MMP's Gross Margin % is ranked better than 77.05% of 937
companies
in the Oil & Gas industry
Industry Median: 27.67
vs MMP: 58.77
Magellan Midstream Partners LP had a gross margin of 56.75% for the quarter that ended in Jun. 2022 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Magellan Midstream Partners LP was -0.90% per year.
Magellan Midstream Partners LP Gross Margin % Historical Data
The historical data trend for Magellan Midstream Partners LP'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.
Magellan Midstream Partners LP Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Gross Margin %
66.81
65.70
69.56
69.37
63.12
Magellan Midstream Partners LP Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Gross Margin %
65.71
67.57
56.63
55.37
56.75
Competitive Comparison
For the Oil & Gas Midstream subindustry, Magellan Midstream Partners LP'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.
Magellan Midstream Partners LP Gross Margin % Distribution
For the Oil & Gas industry and Energy sector, Magellan Midstream Partners LP's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Magellan Midstream Partners LP'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.
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
Magellan Midstream Partners LP had a gross margin of 56.75% for the quarter that ended in Jun. 2022 => 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.
Magellan Midstream Partners LP Gross Margin % Related Terms
Thank you for viewing the detailed overview of Magellan Midstream Partners LP's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Magellan Midstream Partners LP Business Description
Magellan Midstream Partners is a master limited partnership that operates pipelines and storage terminals in the Central and Eastern United States. Its assets transport, store, and distribute refined petroleum products and crude and earn a fee-based stream of cash flows. Assets include the country's longest petroleum pipeline network and several crude oil pipelines. Refined products make about 70% of operating margin, with the remainder mainly crude-oil pipelines.
My Portfolios
Create New Portfolio
Portfolio Contest
My Gurus
Personalize
Premium Gurus 
0.33(0.63%) Volume: 575,167 4:00PM EDT
Email Alerts
Stock PDF
RSS
Website
Filings
Download
Manual of Stocks™ Web APP
MMP has been successfully added to your 
