Switch to:

Costamare Gross Margin %

: 46.50% (As of Jun. 2020)
View and export this data going back to 2010. Start your Free Trial

Gross Margin % is calculated as gross profit divided by its revenue. Costamare's Gross Profit for the three months ended in Jun. 2020 was $52.0 Mil. Costamare's Revenue for the three months ended in Jun. 2020 was $111.9 Mil. Therefore, Costamare's Gross Margin % for the quarter that ended in Jun. 2020 was 46.50%.

Warning Sign:

Costamare Inc gross margin has been in long term decline. The average rate of decline per year is -3%.


NYSE:CMRE' s Gross Margin % Range Over the Past 10 Years
Min: 39.19   Med: 47.23   Max: 51.55
Current: 49.22

39.19
51.55

During the past 12 years, the highest Gross Margin % of Costamare was 51.55%. The lowest was 39.19%. And the median was 47.23%.

NYSE:CMRE's Gross Margin % is ranked higher than
89% of the 851 Companies
in the Transportation industry.

( Industry Median: 18.04 vs. NYSE:CMRE: 49.22 )

Costamare had a gross margin of 46.50% for the quarter that ended in Jun. 2020 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Costamare was -3.00% per year.


Costamare Gross Margin % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Costamare Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 51.52 51.55 46.16 39.19 47.90

Costamare Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 47.08 52.19 49.26 48.67 46.50

Competitive Comparison
* 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.


Costamare Gross Margin % Distribution

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



Costamare Gross Margin % Calculation

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

Costamare's Gross Margin for the fiscal year that ended in Dec. 2019 is calculated as

Gross Margin % (A: Dec. 2019 )=Gross Profit (A: Dec. 2019 ) / Revenue (A: Dec. 2019 )
=229 / 478.109
=(Revenue - Cost of Goods Sold) / Revenue
=(478.109 - 249.084) / 478.109
=47.90 %

Costamare's Gross Margin for the quarter that ended in Jun. 2020 is calculated as


Gross Margin % (Q: Jun. 2020 )=Gross Profit (Q: Jun. 2020 ) / Revenue (Q: Jun. 2020 )
=52 / 111.869
=(Revenue - Cost of Goods Sold) / Revenue
=(111.869 - 59.847) / 111.869
=46.50 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


Costamare  (NYSE:CMRE) 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

Costamare had a gross margin of 46.50% for the quarter that ended in Jun. 2020 => 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.


Costamare Gross Margin % Related Terms


Costamare Gross Margin % Headlines

No Headline

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)