Gross Margin % is calculated as gross profit divided by its revenue. Kirby's Gross Profit for the
three
months ended in Dec. 2023 was $183 Mil. Kirby's Revenue for the
three
months ended in Dec. 2023 was $799 Mil. Therefore, Kirby's Gross Margin % for the quarter that ended in Dec. 2023 was 22.84%.
The historical rank and industry rank for Kirby's Gross Margin % or its related term are showing as below:
KEX'
s Gross Margin % Range Over the Past 10 Years
Min: 16.91 Med: 20.61 Max: 27.61
Current: 22.64
During the past 13 years, the highestGross Margin % of Kirby was 27.61%. The lowest was 16.91%. And the median was 20.61%.
KEX's Gross Margin % is ranked better than 57.46% of 945
companies
in the Transportation industry
Industry Median: 20.03
vs KEX: 22.64
Kirby had a gross margin of 22.84% for the quarter that ended in Dec. 2023 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Kirby was 0.60% per year.
Kirby Gross Margin % Historical Data
The historical data trend for Kirby'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 Marine Shipping subindustry, Kirby'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.
Kirby's Gross Margin % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Kirby's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Kirby'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.
Kirby (NYSE:KEX) 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
Kirby had a gross margin of 22.84% for the quarter that ended in Dec. 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.
Kirby Gross Margin % Related Terms
Thank you for viewing the detailed overview of Kirby's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kirby Corp is a domestic tank barge operator, transporting bulk liquid products throughout three United States coasts. The Company transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals by tank barge. The Company conducts operations in two reportable business segments: The Marine transportation segment which provides marine transportation services, operating tank barges and towing vessels transporting bulk liquid products, and the Distribution and services segment, which provides after-market service, and genuine replacement parts for engines, transmissions, reduction gears, and power generation equipment used in oil and gas and commercial and industrial applications. The company's revenue is generated from the Marine Transportation segment.
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