2seventy bio Inc gross margin has been in long-term decline. The average rate of decline per year is -5.9%.
The historical rank and industry rank for 2seventy bio's Gross Margin % or its related term are showing as below:
TSVT'
s Gross Margin % Range Over the Past 10 Years
Min: 59.82 Med: 88.22 Max: 98.38
Current: 83.15
During the past 6 years, the highestGross Margin % of 2seventy bio was 98.38%. The lowest was 59.82%. And the median was 88.22%.
TSVT's Gross Margin % is ranked better than 77.87% of 741
companies
in the Biotechnology industry
Industry Median: 59.43
vs TSVT: 83.15
2seventy bio had a gross margin of 70.54% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for 2seventy bio was -5.90% per year.
2seventy bio Gross Margin % Historical Data
The historical data trend for 2seventy bio'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 2seventy bio's Gross Margin %
For the Biotechnology subindustry, 2seventy bio'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.
2seventy bio's Gross Margin % Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, 2seventy bio's Gross Margin % distribution charts can be found below:
* The bar in red indicates where 2seventy bio'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.
2seventy bio (NAS:TSVT) 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
2seventy bio had a gross margin of 70.54% 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.
2seventy bio Gross Margin % Related Terms
Thank you for viewing the detailed overview of 2seventy bio's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
2seventy bio Inc is a cell and gene therapy company focused on the research, development, and commercialization of transformative treatments for cancer. The company operates in a single segment, focusing on researching, developing and commercializing potentially transformative treatments for cancer.
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