Circor International (Circor International) Gross Margin % : 32.85% (As of Jun. 2023)

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What is Circor International Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Circor International's Gross Profit for the three months ended in Jun. 2023 was $68.6 Mil. Circor International's Revenue for the three months ended in Jun. 2023 was $208.8 Mil. Therefore, Circor International's Gross Margin % for the quarter that ended in Jun. 2023 was 32.85%.

Warning Sign:

Circor International Inc gross margin has been in long-term decline. The average rate of decline per year is -1.2%.

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

CIR' s Gross Margin % Range Over the Past 10 Years
Min: 30.35 Med: 31.11 Max: 34.83
Current: 34.83

During the past 13 years, the highest Gross Margin % of Circor International was 34.83%. The lowest was 30.35%. And the median was 31.11%.

CIR's Gross Margin % is not ranked
in the Industrial Products industry.
Industry Median: 26.45 vs CIR: 34.83

Circor International had a gross margin of 32.85% for the quarter that ended in Jun. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Circor International was -1.20% per year.

Circor International Gross Margin % Historical Data

The historical data trend for Circor International'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.

Circor International Gross Margin % Chart

Circor International Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

Get a 7-Day Free Trial

32.09

31.39

30.35

30.37

32.67

Circor International Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Gross Margin %	Get a 7-Day Free Trial															30.41	34.42	35.59	36.47	32.85

Competitive Comparison of Circor International's Gross Margin %

For the Specialty Industrial Machinery subindustry, Circor International'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.

Circor International's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Circor International's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Circor International's Gross Margin % falls into.

Circor International Gross Margin % Calculation

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

Circor International'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 )
	=	257.1	/	786.919
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(786.919 - 529.832)	/	786.919
	=	32.67 %

Circor International's Gross Margin for the quarter that ended in Jun. 2023 is calculated as

Gross Margin % (Q: Jun. 2023 )	=	Gross Profit (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	68.6	/	208.809
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(208.809 - 140.224)	/	208.809
	=	32.85 %

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.

Circor International (NYSE:CIR) 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

Circor International had a gross margin of 32.85% for the quarter that ended in Jun. 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.

Circor International Gross Margin % Related Terms

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Circor International (Circor International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Circor International Inc (NYSE:CIR) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Corporate Drive, Suite 200, Burlington, MA, USA, 01803-4238

Website

https://www.circor.com

Circor International Inc. designs manufactures, and markets differentiated technology products and sub-systems. It has two reportable business segments: aerospace & defense and industrial. Circor primarily delivers flow control products and services to original equipment manufacturers (OEMs) and engineering, procurement, and construction (EPC) companies worldwide. Some of its products include positive displacement pumps, motors, specialty centrifugal pumps, metering pumps, automatic recirculating valves, control & actuators valves, and high-pressure pneumatic systems. While Circor serves diverse geographical segments, most of the company sales are generated in the United States, with valves and pumps under its industrial segment contributing the most to the company's profit.

Executives

Forrest Tiedeman	officer: Vice President, Treasury & Tax	C/O CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803
Samuel R. Chapin	director	940 WINTER STREET, C/O PERKINELMER, WALTHAM MA 02451
Tony S. Najjar	director, officer: President and CEO	C/O CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803
Helmuth Ludwig	director	CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803
Arjun Sharma	officer: CFO and SVP Bus Development	50 PARK ROW WEST, PROVIDENCE RI 02903
John A Odonnell	director	2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019
Jessica Wiley Wenzell	officer: SVP, General Counsel & CPO	30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803
Bruce M Lisman	director	C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403
Jill D. Smith	director	1601 DRY CREEK DRIVE, SUITE 260, LONGMONT CO 80503
Tina Donikowski	director	1625 SHARP POINT DRIVE, FORT COLLINS CO 80525
Losak Joseph C. Ii	officer: VP Finance, Controller, PAO	30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803
George Arthur L Jr	director	12500 TI BOULEVARD, MS 8476, DALLAS TX 75243
Sumit Mehrotra	officer: Group Pres, Adv Flow Solutions	CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803
Tanya Dawkins	officer: Director and Treasurer	CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803
Amit Goel	officer: VP Finance, Corp. Controller	30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803