Gross Margin % is calculated as gross profit divided by its revenue. Malibu Boats's Gross Profit for the
three
months ended in Dec. 2023 was $37 Mil. Malibu Boats's Revenue for the
three
months ended in Dec. 2023 was $211 Mil. Therefore, Malibu Boats's Gross Margin % for the quarter that ended in Dec. 2023 was 17.75%.
The historical rank and industry rank for Malibu Boats's Gross Margin % or its related term are showing as below:
MBUU'
s Gross Margin % Range Over the Past 10 Years
Min: 22.85 Med: 25.52 Max: 26.62
Current: 24.32
During the past 13 years, the highestGross Margin % of Malibu Boats was 26.62%. The lowest was 22.85%. And the median was 25.52%.
MBUU's Gross Margin % is ranked better than 65.77% of 1268
companies
in the Vehicles & Parts industry
Industry Median: 19.36
vs MBUU: 24.32
Malibu Boats had a gross margin of 17.75% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Malibu Boats was 1.40% per year.
Malibu Boats Gross Margin % Historical Data
The historical data trend for Malibu Boats'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.
For the Recreational Vehicles subindustry, Malibu Boats'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.
Malibu Boats Gross Margin % Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, Malibu Boats's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Malibu Boats'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
Malibu Boats had a gross margin of 17.75% for the quarter that ended in Dec. 2023 => No sustainable 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.
Malibu Boats Gross Margin % Related Terms
Thank you for viewing the detailed overview of Malibu Boats's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Malibu Boats is a leading designer and manufacturer of power boats in the United States. It is the market leader in performance sport boats, sold under its Malibu and Axis brands. It acquired Cobalt Boats, a leading producer of sterndrive boats in the U.S. in the 24-foot to 29-foot segment, and Pursuit Boats, which makes high-end offshore and outboard motorboats in 2018. In 2021, it purchased Maverick Boat Group, a leading seller of flat fishing boats, with exposure to bay, dual-console, and center-console boats. Malibu has also expanded into boat trailers and accessories, and in 2020 began producing its own engines (Monsoon) for its performance sport boats and now for Cobalt. Malibu's target market includes a wide range of water enthusiasts who embrace the active outdoor lifestyle.
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