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Dragonfly Energy Holdings (Dragonfly Energy Holdings) Gross Margin % : 24.40% (As of Mar. 2024)


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What is Dragonfly Energy Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Dragonfly Energy Holdings's Gross Profit for the three months ended in Mar. 2024 was $3.05 Mil. Dragonfly Energy Holdings's Revenue for the three months ended in Mar. 2024 was $12.51 Mil. Therefore, Dragonfly Energy Holdings's Gross Margin % for the quarter that ended in Mar. 2024 was 24.40%.


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

DFLI' s Gross Margin % Range Over the Past 10 Years
Min: 23.67   Med: 32.68   Max: 43.67
Current: 23.67


During the past 4 years, the highest Gross Margin % of Dragonfly Energy Holdings was 43.67%. The lowest was 23.67%. And the median was 32.68%.

DFLI's Gross Margin % is ranked worse than
58.6% of 2942 companies
in the Industrial Products industry
Industry Median: 26.485 vs DFLI: 23.67

Dragonfly Energy Holdings had a gross margin of 24.40% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Dragonfly Energy Holdings was 0.00% per year.


Dragonfly Energy Holdings Gross Margin % Historical Data

The historical data trend for Dragonfly Energy 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.

Dragonfly Energy Holdings Gross Margin % Chart

Dragonfly Energy Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Gross Margin %
43.67 37.98 27.38 23.99

Dragonfly Energy Holdings Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 24.84 21.26 28.77 19.48 24.40

Competitive Comparison of Dragonfly Energy Holdings's Gross Margin %

For the Electrical Equipment & Parts subindustry, Dragonfly Energy 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.


Dragonfly Energy Holdings's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Dragonfly Energy Holdings's Gross Margin % distribution charts can be found below:

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



Dragonfly Energy Holdings Gross Margin % Calculation

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

Dragonfly Energy 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 )
=15.4 / 64.392
=(Revenue - Cost of Goods Sold) / Revenue
=(64.392 - 48.946) / 64.392
=23.99 %

Dragonfly Energy Holdings'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 )
=3.1 / 12.505
=(Revenue - Cost of Goods Sold) / Revenue
=(12.505 - 9.454) / 12.505
=24.40 %

* 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.


Dragonfly Energy Holdings  (NAS:DFLI) 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

Dragonfly Energy Holdings had a gross margin of 24.40% for the quarter that ended in Mar. 2024 => 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.


Dragonfly Energy Holdings Gross Margin % Related Terms

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


Dragonfly Energy Holdings (Dragonfly Energy Holdings) Business Description

Traded in Other Exchanges
N/A
Address
1190 Trademark Drive, No. 108, Reno, NV, USA, 89521
Dragonfly Energy Holdings Corp is a manufacturer of non-toxic deep cycle lithium-ion batteries that are designed to displace lead acid batteries in a number of different storage applications and end markets including RV, marine vessel, and solar and off-grid industries, with disruptive solid-state cell technology currently under development.
Executives
Wade Seaburg officer: Chief Revenue Officer C/O DRAGONFLY ENERGY HOLDINGS CORP., 1190 TRADEMARK DRIVE #108, RENO NV 89521
Karina Edmonds director 1190 TRADEMARK DRIVE, #108, RENO NV 89521
Luisa Ingargiola director 4826 BLUE JAY CIRCLE, PALM HARBOR FL 34683
Brian James Nelson director C/O DRAGONFLY ENERGY CORP., 1190 TRADEMARK DR., SUITE 108, RENO NV 89521
Jonathan Bellows director C/O DRAGONFLY ENERGY CORP., 1190 TRADEMARK DR., SUITE 118, RENO NV 89521
Dynavolt Technology (hk) Ltd. 10 percent owner A1601 COMPREHENSIVE BUSINESS BUILDING, MENGSHI INTERNATIONAL PLAZA,GUANGYI ROAD, CHENG HAI, GUANGDONG F4 00000
Tyler Bourns officer: Senior VP of Marketing 1190 TRADEMARK DRIVE, #118, RENO NV 89521
Joan Buell officer: Controller 1190 TRADEMARK DRIVE, #118, RENO NV 89521
Nicole Harvey officer: Gen Counsel,Comp Off,Corp Sec 1190 TRADEMARK DRIVE, #118, RENO NV 89521
Sean Nichols officer: Chief Operating Officer 1190 TRADEMARK DRIVE, #108, RENO NV 89521
Denis Phares director, 10 percent owner, officer: President and CEO 1190 TRADEMARK DRIVE, #108, RENO NV 89521
John Marchetti officer: Chief Financial Officer 3736 FALLON ROAD #428, DUBLIN CA 94568
Rick Parod director 2707 N 108TH STREET STE102, OMAHA NE 68164
Roderick A. Hardamon director 17 STATE STREET, 21ST FLOOR, NEW YORK NY 10004
Hitesh Thakrar director 17 STATE STREET, 21ST FLOOR, NEW YORK NY 10004

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