Navigator Holdings (Navigator Holdings) Gross Margin % : 31.05% (As of Dec. 2023)

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What is Navigator Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Navigator Holdings's Gross Profit for the three months ended in Dec. 2023 was $44.0 Mil. Navigator Holdings's Revenue for the three months ended in Dec. 2023 was $141.6 Mil. Therefore, Navigator Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 31.05%.

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

NVGS' s Gross Margin % Range Over the Past 10 Years
Min: 18.77 Med: 23.03 Max: 47.34
Current: 30.96

During the past 13 years, the highest Gross Margin % of Navigator Holdings was 47.34%. The lowest was 18.77%. And the median was 23.03%.

NVGS's Gross Margin % is ranked better than
54.32% of 926 companies
in the Oil & Gas industry
Industry Median: 27.875 vs NVGS: 30.96

Navigator Holdings had a gross margin of 31.05% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Navigator Holdings was 5.60% per year.

Navigator Holdings Gross Margin % Historical Data

The historical data trend for Navigator Holdings'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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Navigator Holdings Gross Margin % Chart

Navigator Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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19.39

21.21

23.11

18.77

30.96

Navigator Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															21.42	29.59	30.32	32.86	31.05

Competitive Comparison of Navigator Holdings's Gross Margin %

For the Oil & Gas Midstream subindustry, Navigator Holdings'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.

Navigator Holdings's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Navigator Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Navigator Holdings's Gross Margin % falls into.

Navigator Holdings Gross Margin % Calculation

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

Navigator Holdings's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	170.5	/	550.737
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(550.737 - 380.224)	/	550.737
	=	30.96 %

Navigator Holdings's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	44	/	141.632
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(141.632 - 97.659)	/	141.632
	=	31.05 %

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.

Navigator Holdings (NYSE:NVGS) 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

Navigator Holdings had a gross margin of 31.05% 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.

Navigator Holdings Gross Margin % Related Terms

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Navigator Holdings (Navigator Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Navigator Holdings Ltd (NYSE:NVGS) » Definitions » Gross Margin %

Comparable Companies

GLP PBT LPG GEL TNP TK NGL BROG TNK EE TSX:ENB EPD WMB ET LNG OKE MPLX KMI TSX:TRP CQP

Traded in Other Exchanges

N/A

Address

C/o NGT Services (UK) Ltd, 10 Bressenden Place, London, GBR, SW1E 5DH

Website

https://www.navigatorgas.com

Navigator Holdings Ltd is an owner and operator of a fleet of gas carriers. It provides gas transportation solutions for energy companies, industrial users, and commodity traders. It offers international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gasses, and ammonia.