Greenlane Holdings (Greenlane Holdings) Gross Margin %

: 26.52% (As of Sep. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Greenlane Holdings's Gross Profit for the three months ended in Sep. 2023 was $3.13 Mil. Greenlane Holdings's Revenue for the three months ended in Sep. 2023 was $11.80 Mil. Therefore, Greenlane Holdings's Gross Margin % for the quarter that ended in Sep. 2023 was 26.52%.

Warning Sign:

Greenlane Holdings Inc gross margin has been in long-term decline. The average rate of decline per year is -3.3%.

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

GNLN' s Gross Margin % Range Over the Past 10 Years
Min: 16.46 Med: 19.1 Max: 24.79
Current: 24.79

During the past 6 years, the highest Gross Margin % of Greenlane Holdings was 24.79%. The lowest was 16.46%. And the median was 19.10%.

GNLN's Gross Margin % is ranked worse than
58.82% of 51 companies
in the Tobacco Products industry
Industry Median: 32.35 vs GNLN: 24.79

Greenlane Holdings had a gross margin of 26.52% for the quarter that ended in Sep. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Greenlane Holdings was -3.30% per year.

Greenlane Holdings Gross Margin % Historical Data

The historical data trend for Greenlane 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.

Greenlane Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

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19.97

16.80

16.46

20.39

18.22

Greenlane Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Margin %	Get a 7-Day Free Trial															17.33	27.09	23.04	23.31	26.52

Competitive Comparison

For the Tobacco subindustry, Greenlane 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.

Greenlane Holdings Gross Margin % Distribution

For the Tobacco Products industry and Consumer Defensive sector, Greenlane Holdings's Gross Margin % distribution charts can be found below:

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

Greenlane Holdings Gross Margin % Calculation

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

Greenlane Holdings's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	25	/	137.085
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(137.085 - 112.102)	/	137.085
	=	18.22 %

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

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	3.1	/	11.8
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(11.8 - 8.671)	/	11.8
	=	26.52 %

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.

Greenlane Holdings (NAS:GNLN) 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

Greenlane Holdings had a gross margin of 26.52% for the quarter that ended in Sep. 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.

Greenlane Holdings Gross Margin % Related Terms

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Greenlane Holdings (Greenlane Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Greenlane Holdings Inc (NAS:GNLN) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1095 Broken Sound Parkway, Suite 100, Boca Raton, FL, USA, 33487

Website

https://www.gnln.com

Greenlane Holdings Inc is a distributor of vaporization products and consumption accessories in the United States. It offers a selection of stock-keeping units including vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers and customized lines of premium specialty packaging. The company markets and sells its products in both the business to business and business to consumer sectors of the marketplace. Its geographical segment includes the United States; Canada and Europe. It derives a majority of revenue from the United States.

Executives

Gina Collins	director	C/O GREENLANE HOLDINGS, INC., 1401 WARNER AVE., SUITE A, TUSTIN CA 92780
Craig A. Snyder	officer: Chief Commercial Officer	C/O GREENLANE HOLDINGS, INC., 1095 BROKEN SOUND PARKWAY, SUITE 300, BOCA RATON FL 33487
Jeffrey J Uttz	director	C/O SHAKE SHACK INC., 24 UNION SQUARE EAST, 5TH FLOOR, NEW YORK NY 10003
Lana Reeve	officer: See remarks.	C/O GREENLANE HOLDINGS, INC., 1095 BROKEN SOUND PARKWAY, SUITE 100, BOCA RATON FL 33487
Adam Schoenfeld	director, 10 percent owner, officer: Chief Strategy Officer	1095 BROKEN SOUND PARKWAY, SUITE 300, BOCA RATON FL 33487
Darsh Dahya	officer: Chief Accounting Officer	C/O GREENLANE HOLDINGS, INC., 1095 BROKEN SOUND PARKWAY, SUITE 300, BOCA RATON FL 33487
Renah Persofsky	director	55 PRINCE ARTHUR AVENUE, #604, TORONTO A6 M5R 1B3
Mote William E. Jr	officer: Chief Financal Officer	C/O GREENLANE HOLDINGS, INC., 1095 BROKEN SOUND PARKWAY, SUITE 300, BOCA RATON FL 33487
Aaron Locascio	director, 10 percent owner, officer: Chief Executive Officer	1095 BROKEN SOUND PARKWAY, SUITE 300, BOCA RATON FL 33487
Nicholas Kovacevich	director, officer: Chief Executive Officer	2618 SAN MIGUEL DRIVE, #480, NEWPORT BEACH CA 92660
Oliveira Rodrigo De	officer: Chief Operating Officer	C/O KUSHCO HOLDINGS, INC., 11958 MONARCH STREET, GARDEN GROVE CA 92841
Dallas Imbimbo	director	1800 NEWPORT CIRCLE, SANTA ANA CA 92705
Donald H Hunter	director	C/O HARBOR GLOBAL CO LTD, ONE FANEUIL HALL MARKET PLACE, BOSTON MA 02109
Michael Cellucci	officer: See remarks.	C/O GREENLANE HOLDINGS, INC., 1095 BROKEN SOUND PARKWAY, SUITE 300, BOCA RATON FL 33487
William J. Bine	officer: Chief Operating Officer	C/O GREENLANE HOLDINGS, INC., 1095 BROKEN SOUND PARKWAY, SUITE 300, BOCA RATON FL 33487