Proto Labs (Proto Labs) Gross Margin %

: 44.63% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Proto Labs's Gross Profit for the three months ended in Dec. 2023 was $55.8 Mil. Proto Labs's Revenue for the three months ended in Dec. 2023 was $125.0 Mil. Therefore, Proto Labs's Gross Margin % for the quarter that ended in Dec. 2023 was 44.63%.

Warning Sign:

Proto Labs Inc gross margin has been in long-term decline. The average rate of decline per year is -4.3%.

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

PRLB' s Gross Margin % Range Over the Past 10 Years
Min: 44.06 Med: 52.43 Max: 61.26
Current: 44.06

During the past 13 years, the highest Gross Margin % of Proto Labs was 61.26%. The lowest was 44.06%. And the median was 52.43%.

PRLB's Gross Margin % is ranked better than
86.28% of 2937 companies
in the Industrial Products industry
Industry Median: 26.46 vs PRLB: 44.06

Proto Labs had a gross margin of 44.63% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Proto Labs was -4.30% per year.

Proto Labs Gross Margin % Historical Data

The historical data trend for Proto Labs'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.

Proto Labs Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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51.29

50.14

45.62

44.12

44.06

Proto Labs Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															42.05	42.73	43.45	45.36	44.63

Competitive Comparison

For the Metal Fabrication subindustry, Proto Labs'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.

Proto Labs Gross Margin % Distribution

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

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

Proto Labs Gross Margin % Calculation

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

Proto Labs's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	222	/	503.877
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(503.877 - 281.884)	/	503.877
	=	44.06 %

Proto Labs's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	55.8	/	125.048
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(125.048 - 69.236)	/	125.048
	=	44.63 %

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.

Proto Labs (NYSE:PRLB) 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

Proto Labs had a gross margin of 44.63% 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.

Proto Labs Gross Margin % Related Terms

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Proto Labs (Proto Labs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Proto Labs Inc (NYSE:PRLB) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

PRZ:Germany PRZ:Germany PRLB:Austria

Address

5540 Pioneer Creek Drive, Maple Plain, MN, USA, 55359

Website

https://www.protolabs.com

Proto Labs Inc is an on-demand manufacturer of custom parts for prototyping and short-run production. The company offers developers and engineers quick-turn production services to reduce the time to market. Proto Labs uses injection molding, computer numerical control machining, and 3-D printing to manufacture custom parts for its clients. The company services clients' needs for prototype solutions, parts for testing procedures, bridge production capabilities during disruptions in manufacturing processes, limited-quantity requests, and end-of-life production support. The majority of its revenue is derived from the United States of America.

Executives

Oleg Ryaboy	officer: Chief Technology Officer	5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359
Robert Bodor	officer: Chief Technology Officer	5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359
Baker Arthur R. Iii	officer: Chief Technology Officer	14000 TECHNOLOGY DRIVE, EDEN PRAIRIE MN 55344-2290
Daniel Schumacher	officer: Chief Financial Officer	5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359
Stacy Greiner	director	5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359
Michael R. Kenison	officer: VP and GM of the America's	5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359
John B Goodman	director	3500 LYMAN BLVD, CHASKA MN 55379
Victoria M Holt	director, officer: President and CEO	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Ranier Gawlick	director	5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359
Sven Wehrwein	director
John Way	officer: Chief Financial Officer	5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359
Moonhie Chin	director	AUTODESK, INC., 111 MCINNIS PARKWAY, SAN RAFAEL CA 94903
Bjoern Klaas	officer: VP and Mng Director-PL Europe	5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359
John B. Tumelty	officer: Managing Dir.-Proto Labs, Ltd.	5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359
Sujeet Chand	director	ROCKWELL AUTOMATION, INC., 1201 SOUTH SECOND STREET, MILWAUKEE WI 53204