FRP Holdings (FRP Holdings) Gross Margin %

: 91.04% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. FRP Holdings's Gross Profit for the three months ended in Dec. 2023 was $9.20 Mil. FRP Holdings's Revenue for the three months ended in Dec. 2023 was $10.11 Mil. Therefore, FRP Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 91.04%.

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

FRPH' s Gross Margin % Range Over the Past 10 Years
Min: 87.08 Med: 88.04 Max: 91.21
Current: 91.21

During the past 13 years, the highest Gross Margin % of FRP Holdings was 91.21%. The lowest was 87.08%. And the median was 88.04%.

FRPH's Gross Margin % is ranked better than
94.38% of 1656 companies
in the Real Estate industry
Industry Median: 36.635 vs FRPH: 91.21

FRP Holdings had a gross margin of 91.04% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for FRP Holdings was 0.60% per year.

FRP Holdings Gross Margin % Historical Data

The historical data trend for FRP Holdings'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.

FRP Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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87.62

88.02

87.99

88.99

91.21

FRP Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															89.63	90.64	91.78	91.32	91.04

Competitive Comparison

For the Real Estate Services subindustry, FRP Holdings'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.

FRP Holdings Gross Margin % Distribution

For the Real Estate industry and Real Estate sector, FRP Holdings's Gross Margin % distribution charts can be found below:

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

FRP Holdings Gross Margin % Calculation

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

FRP Holdings'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 )
	=	37.9	/	41.506
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(41.506 - 3.65)	/	41.506
	=	91.21 %

FRP Holdings's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	9.2	/	10.105
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(10.105 - 0.905)	/	10.105
	=	91.04 %

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.

FRP Holdings (NAS:FRPH) 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

FRP Holdings had a gross margin of 91.04% for the quarter that ended in Dec. 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.

FRP Holdings Gross Margin % Related Terms

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FRP Holdings (FRP Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » FRP Holdings Inc (NAS:FRPH) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 West Forsyth Street, 7th Floor, Jacksonville, FL, USA, 32202

Website

https://www.frpdev.com

FRP Holdings Inc is a holding company engaged in various real estate businesses. The company's business segments are Leasing and management of commercial properties owned by the company (the Asset Management Segment); Leasing and management of mining royalty land owned by the company (the Mining Royalty Lands Segment); real property acquisition, entitlement, development and construction for apartment, retail, warehouse, and office buildings either alone or through joint ventures (the Development Segment); ownership, leasing and management of buildings through joint ventures (the Stabilized Joint Venture Segment).

Executives

Devilliers David H Iii	officer: Executive Vice President	200 WEST FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Milton John D Jr	officer: Executive VP and CFO	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Devilliers David H Jr	officer: President of Real Estate Group	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Baker John D Ii	director, 10 percent owner	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Nicole B. Thomas	director	200 W. FORSYTH ST, 7TH FLOOR, JACKSONVILLE FL 32202
John S Surface	director	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Baker John D. Iii	officer: Chief Financial Officer	FRP HOLDINGS, INC., 200 WEST FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
John D Klopfenstein	officer: Controller and CAO	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Margaret B. Wetherbee	director	FRP HOLDINGS, INC., 200 WEST FORSYTH STREET, JACKSONVILLE FL 32202
Commander Charles E Iii	director	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
James H Winston	director	C/O STEIN MORT INC, 1200 RIVERPLACE BLVD, JACKSONVILLE FL 32207
Walton William H Iii	director	ONE INDEPENDENT DRIVE, SUITE 1600, JACKSONVILLE FL 32202
Baker Thompson S Ii	director, 10 percent owner	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Robert E Sandlin	officer: President & CEO of FRTL	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Fichthorn Luke E Iii	director	200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202