FLIR Systems (FLIR Systems) Gross Margin % : 44.77% (As of Mar. 2021)

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What is FLIR Systems Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. FLIR Systems's Gross Profit for the three months ended in Mar. 2021 was $209 Mil. FLIR Systems's Revenue for the three months ended in Mar. 2021 was $467 Mil. Therefore, FLIR Systems's Gross Margin % for the quarter that ended in Mar. 2021 was 44.77%.

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

FLIR' s Gross Margin % Range Over the Past 10 Years
Min: 46.15 Med: 49.24 Max: 53.71
Current: 48.23

During the past 13 years, the highest Gross Margin % of FLIR Systems was 53.71%. The lowest was 46.15%. And the median was 49.24%.

FLIR's Gross Margin % is not ranked
in the Hardware industry.
Industry Median: 24.34 vs FLIR: 48.23

FLIR Systems had a gross margin of 44.77% for the quarter that ended in Mar. 2021 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for FLIR Systems was 1.00% per year.

FLIR Systems Gross Margin % Historical Data

The historical data trend for FLIR Systems'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.

FLIR Systems Gross Margin % Chart

FLIR Systems Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Gross Margin %

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46.15

47.70

50.75

49.25

49.23

FLIR Systems Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Gross Margin %	Get a 7-Day Free Trial															48.65	52.32	49.08	47.02	44.77

Competitive Comparison of FLIR Systems's Gross Margin %

For the Scientific & Technical Instruments subindustry, FLIR Systems'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.

FLIR Systems's Gross Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, FLIR Systems's Gross Margin % distribution charts can be found below:

* The bar in red indicates where FLIR Systems's Gross Margin % falls into.

FLIR Systems Gross Margin % Calculation

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

FLIR Systems's Gross Margin for the fiscal year that ended in Dec. 2020 is calculated as

Gross Margin % (A: Dec. 2020 )	=	Gross Profit (A: Dec. 2020 )	/	Revenue (A: Dec. 2020 )
	=	947	/	1923.689
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1923.689 - 976.676)	/	1923.689
	=	49.23 %

FLIR Systems's Gross Margin for the quarter that ended in Mar. 2021 is calculated as

Gross Margin % (Q: Mar. 2021 )	=	Gross Profit (Q: Mar. 2021 )	/	Revenue (Q: Mar. 2021 )
	=	209.2	/	467.313
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(467.313 - 258.115)	/	467.313
	=	44.77 %

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.

FLIR Systems (NAS:FLIR) 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

FLIR Systems had a gross margin of 44.77% for the quarter that ended in Mar. 2021 => 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.

FLIR Systems Gross Margin % Related Terms

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FLIR Systems (FLIR Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FLIR Systems Inc (NAS:FLIR) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

27700 SW Parkway Avenue, Wilsonville, OR, USA, 97070

Website

https://www.flir.com

FLIR Systems Inc designs, develops, markets, and distributes technologies that detect people, objects, and substances. The company's two business units are Industrial Technologies and Defense Technologies segment. The Industrial Technologies segment develops components used to create thermal, industrial, and other imaging systems. The Defense Technologies unit develops imaging and recognition solutions for military, law enforcement, and other government customers. The company operates around the world, with a significant portion of revenue coming from the United States.

Executives

John D Carter	director	17575 LITTLE RIVER DRIVE, BEND OR 97707
James J Cannon	officer: President and CEO	1000 STANLEY DRIVE, NEW BRITAIN CT 06053
Sonia Galindo	officer: Sr VP, General Counsel and Sec	C/O ROSETTA STONE, 1621 NORTH KENT STREET, SUITE 1200, ARLINGTON VA 22209
Travis Barton Johnson	officer: VP, Controller & CAO	41789 IVY GLEN COURT, ASHBURN VA 20148
Paula M. Cooney	officer: SVP and CHRO	1200 WILLOW LAKE BLVD., P.O. BOX 64683, ST. PAUL MN 55110
William Wright Crouch	director	27700 SW PARKWAY AVENUE WILSONVILLE OR 97070
Carol P Lowe	officer: Exec VP, Finance and CFO	4311 BEULAH CHURCH ROAD, WEDDINGTON NC 28104
Steven E Wynne	director	27700 SW PARKWAY AVENUE, WILSONVILLE OR 97070
Angus L Macdonald	director	27700 SW PARKWAY AVENUE WILSONVILLE OR 97070
Earl R Lewis	director	C/O NXSTAGE MEDICAL INC. (NXTM), 439 SOUTH UNION STREET, 5TH FLOOR, LAWRENCE MA 01843
Jeffrey Frank	officer: Sr VP, Global Product Strategy	27700 SW PARKWAY AVE WILSONVILLE OR 97070
Wood John W Jr	director	C/O ANALOGIC, 8 CENTENNIAL DRIVE, PEABODY MA 01960
Cathy A Stauffer	director
Robert S Tyrer	director	EDO CORP 60 EAST 42ND STR 42ND FL NEW YORK NY 10165
Michael T Smith	director	190 NW SPANISH RIVER BOULEVARD, SUITE 101, BOCA RATON FL 33431