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Gross Margin % is calculated as gross profit divided by its revenue. Ping Identity Holding's Gross Profit for the three months ended in Jun. 2022 was $42.2 Mil. Ping Identity Holding's Revenue for the three months ended in Jun. 2022 was $72.0 Mil. Therefore, Ping Identity Holding's Gross Margin % for the quarter that ended in Jun. 2022 was 58.61%.
The historical rank and industry rank for Ping Identity Holding's Gross Margin % or its related term are showing as below:
Ping Identity Holding had a gross margin of 58.61% for the quarter that ended in Jun. 2022 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Ping Identity Holding was 0.00% per year.
The historical data trend for Ping Identity 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.
Ping Identity Holding Annual Data | |||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | ||||||
Gross Margin % | 79.23 | 77.87 | 77.07 | 72.00 | 68.31 |
Ping Identity Holding Quarterly Data | ||||||||||||||||||
Dec17 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | |
Gross Margin % | Get a 7-Day Free Trial | 71.61 | 67.85 | 63.96 | 66.16 | 58.61 |
For the Software - Infrastructure subindustry, Ping Identity 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.
For the Software industry and Technology sector, Ping Identity Holding's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Ping Identity Holding's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Ping Identity Holding's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as
Gross Margin % (A: Dec. 2021 ) | = | Gross Profit (A: Dec. 2021 ) | / | Revenue (A: Dec. 2021 ) |
= | 204.6 | / | 299.449 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (299.449 - 94.882) | / | 299.449 | |
= | 68.31 % |
Ping Identity Holding's Gross Margin for the quarter that ended in Jun. 2022 is calculated as
Gross Margin % (Q: Jun. 2022 ) | = | Gross Profit (Q: Jun. 2022 ) | / | Revenue (Q: Jun. 2022 ) |
= | 42.2 | / | 72.027 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (72.027 - 29.811) | / | 72.027 | |
= | 58.61 % |
* 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.
Ping Identity Holding (NYSE:PING) 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
Ping Identity Holding had a gross margin of 58.61% for the quarter that ended in Jun. 2022 => 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.
Thank you for viewing the detailed overview of Ping Identity Holding's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Vikram Verma | director | 810 WEST MAUDE AVENUE, SUNNYVALE CA 94085 |
Anil Arora | director | C/O YODLEE, INC., 3600 BRIDGE PARKWAY, 2ND FLOOR, REDWOOD CITY CA 94065 |
Andre Wong Durand | director, officer: CEO, Director | C/O PING IDENTITY CORPORATION, 1001 17TH STREET, SUITE 100, DENVER CO 80202 |
Raj M. Dani | officer: Chief Financial Officer | C/O PING IDENTITY CORPORATION, 1001 17TH STREET, SUITE 100, DENVER CO 80202 |
Bryan Kristian Nagel | officer: Chief Operating Officer | C/O PING IDENTITY CORPORATION, 1001 17TH STREET, SUITE 100, DENVER CO 80202 |
Shalini Sharma | officer: Chief Legal Officer | C/O PING IDENTITY CORPORATION, 1001 17TH STREET, SUITE 100, DENVER CO 80202 |
Vista Equity Partners Fund Vi, L.p. | 10 percent owner | 4 EMBARCADERO CENTER, 20TH FLOOR, SAN FRANCISCO CA 94111 |
Lauren Adrienne Romer | officer: Chief Legal Officer | C/O PING IDENTITY CORPORATION, 1001 17TH STREET, SUITE 100, DENVER CO 80202 |
Diane J Gherson | director | IBM CORPORATION, ONE NEW ORCHARD ROAD, ARMONK NY 10504 |
Adriana Zenia Carpenter | officer: Chief Accounting Officer | C/O PING IDENTITY CORPORATION, 1001 17TH STREET, SUITE 100, DENVER CO 80202 |
Paul Edward Martin | director | C/O UNISYS CORPORATION, 801 LAKEVIEW DRIVE, SUITE 100, BLUE BELL PA 19422 |
Martin A Taylor | director | 100 WASHINGTON AVENUE S., SUITE 100, MINNEAPOLIS MN 55401 |
Bernard Harguindeguy | officer: Chief Technology Officer | C/O CRITICAL PATH, 350 THE EMBARCADERO - 6TH FLOOR, SAN FRANCISCO CA 94105 |
Clifford K. Chiu | director | 17855 DALLAS PARKWAY, SUITE 400, DALLAS X1 75287 |
Vepf Vi Gp. Ltd. | 10 percent owner | 4 EMBARCADERO CENTER, 20TH FLOOR, SAN FRANCISCO CA 94111 |
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