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SS&C Technologies Holdings (SS&C Technologies Holdings) Gross Margin % : 50.96% (As of Dec. 2023)


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What is SS&C Technologies Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. SS&C Technologies Holdings's Gross Profit for the three months ended in Dec. 2023 was $719 Mil. SS&C Technologies Holdings's Revenue for the three months ended in Dec. 2023 was $1,412 Mil. Therefore, SS&C Technologies Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 50.96%.


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

SSNC' s Gross Margin % Range Over the Past 10 Years
Min: 40.05   Med: 46.65   Max: 48.19
Current: 48.19


During the past 13 years, the highest Gross Margin % of SS&C Technologies Holdings was 48.19%. The lowest was 40.05%. And the median was 46.65%.

SSNC's Gross Margin % is ranked better than
57.38% of 2628 companies
in the Software industry
Industry Median: 41.71 vs SSNC: 48.19

SS&C Technologies Holdings had a gross margin of 50.96% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for SS&C Technologies Holdings was 3.60% per year.


SS&C Technologies Holdings Gross Margin % Historical Data

The historical data trend for SS&C Technologies 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.

* Premium members only.

SS&C Technologies Holdings Gross Margin % Chart

SS&C Technologies Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.63 44.86 47.70 47.61 48.19

SS&C Technologies 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 48.37 46.75 47.05 47.91 50.96

Competitive Comparison of SS&C Technologies Holdings's Gross Margin %

For the Software - Application subindustry, SS&C Technologies 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.


SS&C Technologies Holdings's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, SS&C Technologies Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where SS&C Technologies Holdings's Gross Margin % falls into.



SS&C Technologies Holdings Gross Margin % Calculation

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

SS&C Technologies 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 )
=2651.8 / 5502.8
=(Revenue - Cost of Goods Sold) / Revenue
=(5502.8 - 2851) / 5502.8
=48.19 %

SS&C Technologies 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 )
=719.3 / 1411.6
=(Revenue - Cost of Goods Sold) / Revenue
=(1411.6 - 692.3) / 1411.6
=50.96 %

* 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.


SS&C Technologies Holdings  (NAS:SSNC) 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

SS&C Technologies Holdings had a gross margin of 50.96% 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.


SS&C Technologies Holdings Gross Margin % Related Terms

Thank you for viewing the detailed overview of SS&C Technologies Holdings's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


SS&C Technologies Holdings (SS&C Technologies Holdings) Business Description

Traded in Other Exchanges
Address
80 Lamberton Road, Windsor, CT, USA, 06095
SS&C Technologies provides software products and software-enabled services to a variety of customers primarily in financial services but also healthcare firms. SS&C GlobeOp provides fund administration services to alternative and traditional asset managers. In addition, SS&C provides portfolio accounting, portfolio management, trading, banking/lending, and other software to asset managers, banks, and financial advisors. SS&C's purchase of Intralinks makes it a leading player in Virtual Data Room solutions. With its purchase of DST Systems, SS&C gained a foothold in the healthcare industry with pharmacy health management solutions and medical claim administration services.
Executives
Normand A Boulanger director, officer: President and COO SS&C TECHNOLOGIES, 80 LAMBERTON RD, WINDSOR CT 06095
Rahul Kanwar officer: Senior Vice President 80 LAMBERTON ROAD, WINDSOR CT 06095
Brian N Schell officer: EVP & CFO 433 WEST VAN BUREN STREET, CHICAGO IL 60607
Patrick J Pedonti officer: SVP and CFO SS&C TECHNOLOGIES, 80 LAMBERTON RD, WINDSOR CT 06095
Jonathan E Michael director C/O RLI CORP, 9025 N. LINDBERGH DR., PEORIA IL 61615
William C Stone director, 10 percent owner, officer: Chairman of the Board & CEO
Jason Douglas White officer: SVP & General Counsel 588 THE PARKWAY, MAMARONECK NY 10543
Joseph J. Frank officer: Chief Legal Officer and GC C/O SS&C TECHNOLOGIES HOLDINGS, INC., 4 TIMES SQUARE, NEW YORK NY 10036
Michael E Daniels director TYCO, 9 ROSZEL ROAD, PRINCETON NJ 08540
Smita Conjeevaram director 70 HERETOLD ROAD, BRONXVILLE NY 17708
Michael Jay Zamkow director 27 KENSINGTON SQUARE, LONDON X0 06095
Paul Gerard Igoe officer: Sr. VP & General Counsel LYDALL, INC., ONE COLONIAL ROAD, MANCHESTER CT 06042
William A Etherington director CANADIAN IMPERIAL BANK OF COMMERCE, 199 BAY STREET - SUITE 4460, TORONTO A6 M5L 1A2
Tc Group Iv, L.p. 10 percent owner 1001 PENNSYLVANIA AVENUE, N.W., SUITE 200 SOUTH, WASHINGTON DC 20004
Whitman Stephen V R officer: SVP and General Counsel SS&C TECHNOLOGIES, 80 LAMBERTON RD, WINDSOR CT 06095