Stereotaxis Inc gross margin has been in long-term decline. The average rate of decline per year is -6.8%.
The historical rank and industry rank for Stereotaxis's Gross Margin % or its related term are showing as below:
STXS'
s Gross Margin % Range Over the Past 10 Years
Min: 55.51 Med: 71.76 Max: 80.52
Current: 55.51
During the past 13 years, the highestGross Margin % of Stereotaxis was 80.52%. The lowest was 55.51%. And the median was 71.76%.
STXS's Gross Margin % is ranked better than 52.76% of 796
companies
in the Medical Devices & Instruments industry
Industry Median: 53.295
vs STXS: 55.51
Stereotaxis had a gross margin of 59.98% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Stereotaxis was -6.80% per year.
Stereotaxis Gross Margin % Historical Data
The historical data trend for Stereotaxis'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 Stereotaxis's Gross Margin %
For the Medical Instruments & Supplies subindustry, Stereotaxis'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.
Stereotaxis's Gross Margin % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Stereotaxis's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Stereotaxis'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
Stereotaxis had a gross margin of 59.98% 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.
Stereotaxis Gross Margin % Related Terms
Thank you for viewing the detailed overview of Stereotaxis's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Stereotaxis Inc is engaged in robotic technologies designed to enhance the treatment of arrhythmias and perform endovascular procedures. The company's mission is the discovery, development, and delivery of robotic systems, instruments, and information solutions for the interventional laboratory. These innovations help physicians provide patient care with robotic precision and safety, improved lab efficiency and productivity, and enhanced integration of procedural information. The company's revenue generation is derived from the streams of Systems; Disposables, Royalty; and Sublease, of which a majority of revenue is generated from the Disposables, service and accessories stream. The company generates the majority of revenue from the United States.
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