Nuvve Holding (Nuvve Holding) Gross Margin % : 24.01% (As of Dec. 2023)

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What is Nuvve Holding Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Nuvve Holding's Gross Profit for the three months ended in Dec. 2023 was $0.37 Mil. Nuvve Holding's Revenue for the three months ended in Dec. 2023 was $1.54 Mil. Therefore, Nuvve Holding's Gross Margin % for the quarter that ended in Dec. 2023 was 24.01%.

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

NVVE' s Gross Margin % Range Over the Past 10 Years
Min: 12.79 Med: 23.01 Max: 73.19
Current: 12.79

During the past 4 years, the highest Gross Margin % of Nuvve Holding was 73.19%. The lowest was 12.79%. And the median was 23.01%.

NVVE's Gross Margin % is ranked worse than
88.05% of 1096 companies
in the Retail - Cyclical industry
Industry Median: 36.74 vs NVVE: 12.79

Nuvve Holding had a gross margin of 24.01% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Nuvve Holding was 0.00% per year.

Nuvve Holding Gross Margin % Historical Data

The historical data trend for Nuvve Holding'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.

Nuvve Holding Gross Margin % Chart

Nuvve Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Gross Margin %

73.19

31.43

14.59

12.79

Nuvve Holding Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial											32.70	17.92	4.78	9.02	24.01

Competitive Comparison of Nuvve Holding's Gross Margin %

For the Specialty Retail subindustry, Nuvve Holding'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.

Nuvve Holding's Gross Margin % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Nuvve Holding's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Nuvve Holding's Gross Margin % falls into.

Nuvve Holding Gross Margin % Calculation

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

Nuvve Holding'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 )
	=	1	/	8.005
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(8.005 - 6.981)	/	8.005
	=	12.79 %

Nuvve Holding'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 )
	=	0.4	/	1.537
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.537 - 1.168)	/	1.537
	=	24.01 %

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.

Nuvve Holding (NAS:NVVE) 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

Nuvve Holding had a gross margin of 24.01% for the quarter that ended in Dec. 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.

Nuvve Holding Gross Margin % Related Terms

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Nuvve Holding (Nuvve Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nuvve Holding Corp (NAS:NVVE) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2488 Historic Decatur Road, Suite 200, San Diego, CA, USA, 92106

Website

https://www.nuvve.com

Nuvve Holding Corp is accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) technology. It helps to support the integration of renewable energy sources, including solar and wind. Its Grid Integrated Vehicle (GIV) platform is refueling the next generation of electric vehicle fleets through bidirectional charging solutions.

Executives

David Robson	officer: Chief Financial Officer	FARMER BROS.CO., 1912 FARMER BROTHERS DR, NORTHLAKE TX 76262
Gregory Poilasne	director, officer: Chief Executive Officer	C/O NUVVE HOLDING CORP., 2468 HISTORIC DECATUR ROAD, SAN DIEGO CA 92106
Stonepeak Gp Investors Holdings Lp	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Upper Holdings Lp	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Holdings Manager Llc	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Ted C. Smith	director, officer: President & COO	C/O NUVVE HOLDING CORP., 2468 HISTORIC DECATUR ROAD, SAN DIEGO CA 92106
Lande Rashida La	director	C/O THE KRAFT HEINZ COMPANY, ONE PPG PLACE, SUITE 3200, PITTSBURGH PA 15222
Stonepeak Rocket Holdings Ii Lp	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Iv Llc	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Associates Iv Llc	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Evolve Transition Infrastructure Lp	10 percent owner	1360 POST OAK BLVD, SUITE 2400, HOUSTON TX 77056
Stonepeak Rocket Holdings Lp	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Rocket Upper Holdings Lp	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Manager Llc	10 percent owner	55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Michael B. Dorrell	10 percent owner	55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001