The historical rank and industry rank for Perdoceo Education's Gross Margin % or its related term are showing as below:
PRDO'
s Gross Margin % Range Over the Past 10 Years
Min: 64.63 Med: 81.37 Max: 84.31
Current: 81.65
During the past 13 years, the highestGross Margin % of Perdoceo Education was 84.31%. The lowest was 64.63%. And the median was 81.37%.
PRDO's Gross Margin % is ranked better than 90.76% of 249
companies
in the Education industry
Industry Median: 48.33
vs PRDO: 81.65
Perdoceo Education had a gross margin of 79.57% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Perdoceo Education was 0.10% per year.
Perdoceo Education Gross Margin % Historical Data
The historical data trend for Perdoceo Education'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.
Competitive Comparison of Perdoceo Education's Gross Margin %
For the Education & Training Services subindustry, Perdoceo Education'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.
Perdoceo Education's Gross Margin % Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, Perdoceo Education's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Perdoceo Education's Gross Margin % falls into.
* 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.
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
Perdoceo Education had a gross margin of 79.57% for the quarter that ended in Dec. 2023 => 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.
Perdoceo Education Gross Margin % Related Terms
Thank you for viewing the detailed overview of Perdoceo Education's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Perdoceo Education (Perdoceo Education) Business Description
Perdoceo Education Corp is an American for-profit education company that focuses on quality postsecondary education online to a diverse student population, along with campus-based and blended learning programs. The company's important segment is its online universities, which include the American InterContinental University, and Colorado Technical University. These online universities provide undergraduate, graduate, and doctoral degree programs focusing on business, technology, management, and social services. Career Education Corporation is focusing on its online universities as it continues to reduce its on-campus program offerings. The majority of the company's revenue comes from the Colorado Technical University segment.
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