B. Riley Financial (B. Riley Financial) Gross Margin % : 47.08% (As of Dec. 2023)

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What is B. Riley Financial Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. B. Riley Financial's Gross Profit for the three months ended in Dec. 2023 was $131 Mil. B. Riley Financial's Revenue for the three months ended in Dec. 2023 was $277 Mil. Therefore, B. Riley Financial's Gross Margin % for the quarter that ended in Dec. 2023 was 47.08%.

Warning Sign:

B. Riley Financial Inc gross margin has been in long-term decline. The average rate of decline per year is -6.4%.

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

RILY' s Gross Margin % Range Over the Past 10 Years
Min: 51.31 Med: 77.49 Max: 92.3
Current: 60.91

During the past 13 years, the highest Gross Margin % of B. Riley Financial was 92.30%. The lowest was 51.31%. And the median was 77.49%.

RILY's Gross Margin % is ranked better than
61.84% of 76 companies
in the Diversified Financial Services industry
Industry Median: 49.655 vs RILY: 60.91

B. Riley Financial had a gross margin of 47.08% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for B. Riley Financial was -6.40% per year.

B. Riley Financial Gross Margin % Historical Data

The historical data trend for B. Riley Financial'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.

B. Riley Financial Gross Margin % Chart

B. Riley Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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84.89

87.22

92.30

68.58

60.91

B. Riley Financial 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															50.26	67.75	69.62	53.91	47.08

Competitive Comparison of B. Riley Financial's Gross Margin %

For the Financial Conglomerates subindustry, B. Riley Financial'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.

B. Riley Financial's Gross Margin % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, B. Riley Financial's Gross Margin % distribution charts can be found below:

* The bar in red indicates where B. Riley Financial's Gross Margin % falls into.

B. Riley Financial Gross Margin % Calculation

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

B. Riley Financial'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 )
	=	931.2	/	1528.787
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1528.787 - 597.58)	/	1528.787
	=	60.91 %

B. Riley Financial'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 )
	=	130.6	/	277.432
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(277.432 - 146.824)	/	277.432
	=	47.08 %

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.

B. Riley Financial (NAS:RILY) 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

B. Riley Financial had a gross margin of 47.08% 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.

B. Riley Financial Gross Margin % Related Terms

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

B. Riley Financial (B. Riley Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » B. Riley Financial Inc (NAS:RILY) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

RILYL.PFD:USA RILYP.PFD:USA

Address

11100 Santa Monica Boulevard, Suite 800, Los Angeles, CA, USA, 90025

Website

https://www.brileyfin.com

B. Riley Financial Inc is a diversified financial services company. The company through its subsidiaries offers investment banking and financial services to corporate, institutional and high net worth clients and also asset disposition, valuation and appraisal and capital advisory services to retail, wholesale, institutional, lenders, capital providers, private equity investors, and professional services firms in United States, Canada, and Europe. It also provides internet access and subscription services. The reportable operating segments of the company include Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer segment.

Executives

Kelleher Thomas J /adv	officer: CEO of B. Riley Capital Market	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Renee E Labran	director	130 WEST UNION STREET, C/O IDEALAB, PASADENA CA 91103
Andrew Moore	officer: CEO of B. Riley FBR, Inc.	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367
Robert L Antin	director
Tamara Sue Brandt	director	C/O B. RILEY FINANCIAL, INC., 11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
Bryant R Riley	director	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Randall E Paulson	director
D Agostino Robert P	director	21255 BURBANK BOULEVARD, SUITE 400, WOODLAND HILLS CA 91367
Michael Joseph Sheldon	director	C/O ALDILA, INC., 14145 DANIELSON ST. STE B, POWAY CA 92064
Daniel Asher	10 percent owner	111 W JACKSON BLVD, 20TH FL, CHICAGO IL 60604
Kenneth M Young	officer: President	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367
Mikel H Williams	director	21255 BURBANK BOULEVARD, SUITE 400, WOODLAND HILLS CA 91367
Phillip Ahn	officer: CFO and COO	21255 BURBANK BOULEVARD, SUITE 400, WOODLAND HILLS CA 91367
Alan N Forman	officer: EVP, General Counsel, Sec	21255 BURBANK BOULEVARD, SUITE 400, WOODLAND HILLS CA 91367
Todd D. Sims	director	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367