Imperial Brands (Imperial Brands) Gross Margin % : 21.07% (As of Sep. 2023)

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What is Imperial Brands Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Imperial Brands's Gross Profit for the six months ended in Sep. 2023 was $4,449 Mil. Imperial Brands's Revenue for the six months ended in Sep. 2023 was $21,119 Mil. Therefore, Imperial Brands's Gross Margin % for the quarter that ended in Sep. 2023 was 21.07%.

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

IMBBY' s Gross Margin % Range Over the Past 10 Years
Min: 18.38 Med: 19.87 Max: 21.55
Current: 20.57

During the past 13 years, the highest Gross Margin % of Imperial Brands was 21.55%. The lowest was 18.38%. And the median was 19.87%.

IMBBY's Gross Margin % is ranked worse than
64.71% of 51 companies
in the Tobacco Products industry
Industry Median: 32.22 vs IMBBY: 20.57

Imperial Brands had a gross margin of 21.07% for the quarter that ended in Sep. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Imperial Brands was -0.20% per year.

Imperial Brands Gross Margin % Historical Data

The historical data trend for Imperial Brands'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.

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Imperial Brands Gross Margin % Chart

Imperial Brands Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Gross Margin %

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19.75

18.98

18.38

18.55

20.57

Imperial Brands Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Margin %	Get a 7-Day Free Trial															18.39	17.81	19.21	20.02	21.07

Competitive Comparison of Imperial Brands's Gross Margin %

For the Tobacco subindustry, Imperial Brands'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.

Imperial Brands's Gross Margin % Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Imperial Brands's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Imperial Brands's Gross Margin % falls into.

Imperial Brands Gross Margin % Calculation

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

Imperial Brands's Gross Margin for the fiscal year that ended in Sep. 2023 is calculated as

Gross Margin % (A: Sep. 2023 )	=	Gross Profit (A: Sep. 2023 )	/	Revenue (A: Sep. 2023 )
	=	8267.3	/	40191.832
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(40191.832 - 31924.505)	/	40191.832
	=	20.57 %

Imperial Brands's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	4449.3	/	21118.812
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(21118.812 - 16669.555)	/	21118.812
	=	21.07 %

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.

Imperial Brands (OTCPK:IMBBY) 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

Imperial Brands had a gross margin of 21.07% for the quarter that ended in Sep. 2023 => Competition eroding margins

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.

Imperial Brands Gross Margin % Related Terms

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Imperial Brands (Imperial Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Imperial Brands PLC (OTCPK:IMBBY) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

IMBBF:USA IMBl:UK IMB:UK ITBA:Germany ITB:Germany ITB:Germany ITBA:Germany ITB:Germany

Address

121 Winterstoke Road, Bristol, GBR, BS3 2LL

Website

https://www.imperialbrandsplc.com

Imperial Brands is the world's fourth-largest international tobacco company (excluding China National Tobacco) with total fiscal 2023 volume of 198 billion cigarettes sold in more than 160 countries. The firm holds a leading global position in the fine-cut tobacco and hand-rolling paper categories, and it has a logistics platform in Western Europe, Altadis. Through acquisition, Imperial is the third-largest manufacturer in the U.S. and owns the Winston and blu brands.