Gross Margin % is calculated as gross profit divided by its revenue. Mayville Engineering Co's Gross Profit for the
three
months ended in Jun. 2022 was $18.3 Mil. Mayville Engineering Co's Revenue for the
three
months ended in Jun. 2022 was $138.3 Mil. Therefore, Mayville Engineering Co's Gross Margin % for the quarter that ended in Jun. 2022 was 13.20%.
The historical rank and industry rank for Mayville Engineering Co's Gross Margin % or its related term are showing as below:
MEC'
s Gross Margin % Range Over the Past 10 Years
Min: 8.81 Med: 11.3 Max: 14.27
Current: 10.77
During the past 5 years, the highestGross Margin % of Mayville Engineering Co was 14.27%. The lowest was 8.81%. And the median was 11.30%.
MEC's Gross Margin % is ranked worse than 89.32% of 2707
companies
in the Industrial Products industry
Industry Median: 26.23
vs MEC: 10.77
Mayville Engineering Co had a gross margin of 13.20% for the quarter that ended in Jun. 2022 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Mayville Engineering Co was 0.00% per year.
Mayville Engineering Co Gross Margin % Historical Data
The historical data trend for Mayville Engineering Co'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.
Mayville Engineering Co Annual Data
Trend
Dec17
Dec18
Dec19
Dec20
Dec21
Gross Margin %
11.09
14.27
11.30
8.81
11.30
Mayville Engineering Co Quarterly Data
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Gross Margin %
13.54
10.01
8.33
10.92
13.20
Competitive Comparison
For the Metal Fabrication subindustry, Mayville Engineering Co'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.
Mayville Engineering Co Gross Margin % Distribution
For the Industrial Products industry and Industrials sector, Mayville Engineering Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Mayville Engineering Co's Gross Margin % falls into.
Mayville Engineering Co Gross Margin % Calculation
* 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.
Mayville Engineering Co (NYSE:MEC) 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
Mayville Engineering Co had a gross margin of 13.20% for the quarter that ended in Jun. 2022 => 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.
Mayville Engineering Co Gross Margin % Related Terms
Thank you for viewing the detailed overview of Mayville Engineering Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Mayville Engineering Co Inc is involved in a manufacturing partner that provides a broad range of prototyping and tooling, production fabrication, coating, assembly, and aftermarket components. Its customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction, powersports, agriculture, military, and other end markets. Its services comprise stamping, shearing, fiber laser cutting, forming, drilling, tapping, grinding, tube bending, machining, welding, assembly, and logistic services.
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