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Gross Margin % is calculated as gross profit divided by its revenue. Universal Stainless & Alloy Products's Gross Profit for the three months ended in Mar. 2024 was $14.7 Mil. Universal Stainless & Alloy Products's Revenue for the three months ended in Mar. 2024 was $77.6 Mil. Therefore, Universal Stainless & Alloy Products's Gross Margin % for the quarter that ended in Mar. 2024 was 18.89%.
The historical rank and industry rank for Universal Stainless & Alloy Products's Gross Margin % or its related term are showing as below:
During the past 13 years, the highest Gross Margin % of Universal Stainless & Alloy Products was 16.29%. The lowest was -1.48%. And the median was 10.06%.
Universal Stainless & Alloy Products had a gross margin of 18.89% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Universal Stainless & Alloy Products was 0.00% per year.
The historical data trend for Universal Stainless & Alloy Products'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.
Universal Stainless & Alloy Products Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Margin % | Get a 7-Day Free Trial | 11.37 | -1.48 | 5.11 | 7.02 | 14.53 |
Universal Stainless & Alloy Products Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Gross Margin % | Get a 7-Day Free Trial | 11.73 | 14.27 | 15.23 | 16.43 | 18.89 |
For the Steel subindustry, Universal Stainless & Alloy Products'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.
For the Steel industry and Basic Materials sector, Universal Stainless & Alloy Products's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Universal Stainless & Alloy Products's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Universal Stainless & Alloy Products'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 ) |
= | 41.5 | / | 285.943 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (285.943 - 244.404) | / | 285.943 | |
= | 14.53 % |
Universal Stainless & Alloy Products's Gross Margin for the quarter that ended in Mar. 2024 is calculated as
Gross Margin % (Q: Mar. 2024 ) | = | Gross Profit (Q: Mar. 2024 ) | / | Revenue (Q: Mar. 2024 ) |
= | 14.7 | / | 77.637 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (77.637 - 62.97) | / | 77.637 | |
= | 18.89 % |
* 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.
Universal Stainless & Alloy Products (NAS:USAP) 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
Universal Stainless & Alloy Products had a gross margin of 18.89% for the quarter that ended in Mar. 2024 => No sustainable 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.
Thank you for viewing the detailed overview of Universal Stainless & Alloy Products's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Udi Toledano | director | 51 DUFFIELD DRIVE, S. ORANGE NJ 07079 |
M. David Kornblatt | director | 1214 ROUND HILL ROAD, BRYN MAWR PA 19010 |
Judith L Bacchus | director | 525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219 |
Christopher L Ayers | director | 5626 MISSION DRIVE, MISSION HILL KS 66208 |
Dennis M Oates | director, officer: Chairman, President and CEO | 600 MAYER STREET, BRIDGEVILLE PA 15017 |
Steven Ditommaso | officer: VP and CFO | 600 MAYER STREET, BRIDGEVILLE PA 15017 |
Wendel Crosby | officer: Vice President of Manufacturin | 600 MAYER STREET, BRIDGEVILLE PA 15017 |
Christopher M Zimmer | officer: Exec. V. P. & CCO | 600 MAYER STREET, BRIDGEVILLE PA 15017 |
John Arminas | officer: VP, Gen. Counsel & Secretary | 600 MAYER STREET, BRIDGEVILLE PA 15017 |
Christopher Thomas Scanlon | officer: VP Finance, Treasurer & CFO | 415 HOLIDAY DRIVE, PITTSBURGH PA 15520 |
Graham Mcintosh | officer: V. P. Technology & Chief Techn | 600 MAYER STREET, BRIDGEVILLE PA 15017 |
Alyssa H Snider | officer: VP & CHRO | 600 MAYER STREET, BRIDGEVILLE PA 15017 |
Paul A Mcgrath | officer: V.P. Admin., General Counsel | 600 MAYER STREET, BRIDGEVILLE PA 15017 |
Ross C Wilkin | officer: V.P. Finance, CFO & Treasurer | 600 MAYER STREET, BRIDGEVILLE PA 15017 |
Larry J Pollock | officer: Exec. V.P. & CMO | 600 MAYER STREET, BRIDGEVILLE PA 15017 |
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