Gross Margin % is calculated as gross profit divided by its revenue. Tutor Perini's Gross Profit for the
three
months ended in Dec. 2023 was $49 Mil. Tutor Perini's Revenue for the
three
months ended in Dec. 2023 was $1,021 Mil. Therefore, Tutor Perini's Gross Margin % for the quarter that ended in Dec. 2023 was 4.79%.
Warning Sign:
Tutor Perini Corp gross margin has been in long-term decline. The average rate of decline per year is -26.8%.
The historical rank and industry rank for Tutor Perini's Gross Margin % or its related term are showing as below:
TPC'
s Gross Margin % Range Over the Past 10 Years
Min: 0.78 Med: 9.17 Max: 11.25
Current: 3.62
During the past 13 years, the highestGross Margin % of Tutor Perini was 11.25%. The lowest was 0.78%. And the median was 9.17%.
TPC's Gross Margin % is ranked worse than 91.36% of 1608
companies
in the Construction industry
Industry Median: 19.035
vs TPC: 3.62
Tutor Perini had a gross margin of 4.79% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Tutor Perini was -26.80% per year.
Tutor Perini Gross Margin % Historical Data
The historical data trend for Tutor Perini'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.
For the Engineering & Construction subindustry, Tutor Perini'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.
Tutor Perini Gross Margin % Distribution
For the Construction industry and Industrials sector, Tutor Perini's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Tutor Perini'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
Tutor Perini had a gross margin of 4.79% for the quarter that ended in Dec. 2023 => 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.
Tutor Perini Gross Margin % Related Terms
Thank you for viewing the detailed overview of Tutor Perini's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tutor Perini Corp offers general contracting, construction management, and design-build services to private and public customers. The company constructs and repairs transportation infrastructure, water-treatment facilities, and a wide range of buildings. It plans and schedules the manpower, equipment, materials, and subcontractors required for a project. Tutor Perini has three operating segments: civil, building, and specialty contractors and generates majority revenue from civil segment. The company offers self-performed construction services, including site work, concrete forming, steel erection, electrical, mechanical, and heating, ventilation, and air conditioning, or HVAC. The majority of its total revenue is derived from the United States.
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