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18 results for “gross margins”
Topic7 mentions across episodes
gross margins
...it at a gross margin level or immediately go down into operating margins, how do you think about it on a consolidated basis in any of the key drivers, whether it's mix shifts or whatever it might be? Yeah. So I'd say gross margin is probably not as r
56:13 / 57:18
from transcript56:13 – 57:18
“How Costco generates $7.5B in operating income with just 11% margins”
...gross margin business and only ever will be at 11% gross margin business, it's still a pretty amazing business to own. Yeah. I mean, it's what did you say? 230 plus billion dollars of revenue? And,
1:48:05 / 1:48:44
market insight1:48:05 – 1:48:44
...Gross margins are better than software. They run about 84%. Lily is also a very high margin company running about 80%. For context, Microsoft has a gross margin of 70%, and Google is 56%. How is Google's gross margin 56%? They must be stuffing a lot
2:20:54 / 2:22:25
from transcript2:20:54 – 2:22:25
“The two metrics that actually matter when pitching investors”
...gross margin, full stop. Yeah. And how do you balance gross I think gross margin is is such
20:10 / 20:44
tactical advice20:10 – 20:44
...on new volumes are very high, so circa 90%. So as we think about that cost base and then the high incremental margins, what you have is a fixed cost base and then low variable costs, which leads to a highly profitable business. So to put that into co
43:22 / 44:34
from transcript43:22 – 44:34
...margins. Gross sits around 40%, 41%. So what's quite interesting is if you actually compare their margins to some of their listed peers, they're actually lower. So you can look at it in one of two ways. Are the competitors spending enough money to gi
35:16 / 36:19
from transcript35:16 – 36:19
...on a consolidated basis for the company. That was last year. If you go back to 2005, they were doing 16% margin. So you went from 16 to 26 over that eighteen years. That's a really significant amount of margin expansion. And so the question is how di
27:46 / 28:55
from transcript27:46 – 28:55
...margins. Fast forward fourteen years later, at the end of 2024, they increased those about 600 basis points to 25.3. They think those margins can certainly go up, but I think they're mindful of that they're pretty high already. C and I, which is the
30:42 / 31:50
from transcript30:42 – 31:50
So sticking in our own assumptions, obviously, of accounts growth and trades per account and commissions, and then looking at what a normalized and average net interest income could be given the prevailing rates of interest around the world. But as y
35:57 / 37:05
from transcript35:57 – 37:05
I guess a nice place to start when talking about brokerage businesses, just take us through the key revenue streams and how these businesses fundamentally make money. It's relatively simple. There's a lot of complexity when you really dig into it. Bu
5:13 / 6:18
from transcript5:13 – 6:18
...of how those margins are evolving, how that profile is evolving. They've also really effectively managed dilution in recent years. So while GAAP operating income has only recently turned positive, and there is a significant delta between GAAP operati
58:29 / 59:40
from transcript58:29 – 59:40
...60% margins. If you just thought of multiples of cash flow translate to multiples of revenue, that's gonna give you a big delta. So if I'm willing to pay 15 times cash flow for a given growth rate, a 20% margin business is three times revenues. A 50%
1:08:56 / 1:10:18
from transcript1:08:56 – 1:10:18
...operating margins, they can be relatively marketplace business depending on, I suppose, where the reinvestments are being made. Because, obviously, with the third party merchant business, they're just collecting a fee. So any growth and penetration o
58:31 / 59:46
from transcript58:31 – 59:46
...of how those margins are evolving, how that profile is evolving. They've also really effectively managed dilution in recent years. So while GAAP operating income has only recently turned positive, and there is a significant delta between GAAP operati
59:13 / 1:00:24
from transcript59:13 – 1:00:24
...Adjusted for margins, multiples are are not that high. And so, again, I like, summarize, you know, five slides worth of materials. The market's higher than it has been in the past, but I think, you know, there's high expectations for a reason, and an
26:11 / 27:20
from transcript26:11 – 27:20
What does it actually look like in terms of the margin profile of this business and however you might categorize how Compass performs, how the industry performs, and the most important metrics associated with the margin profile? So the typical margin
31:22 / 32:41
from transcript31:22 – 32:41
...did gross margins just go down by 4%? But it's really because maybe they did big transaction, bunch of costs they have to maneuver. And we can talk more about m and a later, but it's just one of those things where there's a lot of different factors i
31:15 / 32:33
from transcript31:15 – 32:33
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