New England Realty Associates Limited Partnership (NEN) Gross Margin (2010 - 2023)
New England Realty Associates Limited Partnership (NEN) reported Gross Margin of 91.51% for Q3 2023, down 23.0% on a YoY basis from 118.84% in Q3 2022, and up 1.12% quarter-over-quarter from 90.49% in Q2 2023.
New England Realty Associates Limited Partnership (NEN) Gross Margin (2010 - 2023) Analysis & Trends
New England Realty Associates Limited Partnership has reported Gross Margin for 14 years, with the latest figure at 91.51% in Q3 2023.
- For the quarter ending Q3 2023, Gross Margin fell 23.0% year-over-year to 91.51%; the trailing twelve-month figure through Sep 2023 stood at 89.54% (up 46.0% YoY), and the FY2022 full-year result was 89.27%, down 39.0% from the prior year.
- Gross Margin for Q3 2023 stood at 91.51%, up from 90.49% in the prior quarter.
- The five-year high for Gross Margin was 92.67% in Q3 2019, with the low at 83.86% in Q1 2022.
- Historically, Gross Margin has averaged 89.92% across 5 years, with a median of 90.49% in 2023.
- Annual changes were most pronounced in 2020 — Gross Margin jumped 247 bps — and 2021, when it tumbled 337 bps.
- New England Realty Associates Limited Partnership's Gross Margin stood at 89.9% in 2019, then fell by 1 bps to 89.36% in 2020, then gained by 0 bps to 89.61% in 2021, then increased by 1 bps to 90.31% in 2022, then gained by 1 bps to 91.51% in 2023.
- The last three Gross Margin figures came in at 91.51% (Q3 2023), 90.49% (Q2 2023), and 85.68% (Q1 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | IHS Holding | 45.03 Bn | 44.04 Bn | 231.80 | 55.80% |
| 2 | Cbre | 38.54 Bn | 37.33 Bn | 1.85 Bn | 17.59% |
| 3 | Costar | 14.00 Bn | 12.72 Bn | 701.00 Mn | 78.15% |
| 4 | Jones Lang Lasalle | 13.85 Bn | 13.53 Bn | - | - |
| 5 | KE Holdings | 7.04 Bn | 4.80 Bn | 661.06 Mn | 24.14% |
| 6 | Compass | 5.66 Bn | 5.19 Bn | 2.31 Bn | 85.28% |
| 7 | Opendoor Technologies | 4.24 Bn | 4.17 Bn | 72.00 Mn | 10.00% |
| 8 | Cushman & Wakefield | 3.11 Bn | 2.51 Bn | 420.70 Mn | 16.59% |
| 9 | Newmark | 2.67 Bn | 2.62 Bn | - | - |
| 10 | New England Realty Associates Limited Partnership | 6.98 Mn | 6.98 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2023 | 91.51% |
| Jun 30, 2023 | 90.49% |
| Mar 31, 2023 | 85.68% |
| Dec 31, 2022 | 90.31% |
| Sep 30, 2022 | 91.74% |
| Jun 30, 2022 | 91.01% |
| Mar 31, 2022 | 83.86% |
| Dec 31, 2021 | 89.61% |
| Sep 30, 2021 | 91.61% |
| Jun 30, 2021 | 90.89% |
| Mar 31, 2021 | 86.44% |
| Dec 31, 2020 | 89.36% |
| Sep 30, 2020 | 91.89% |
| Jun 30, 2020 | 91.80% |
| Mar 31, 2020 | 89.81% |
| Dec 31, 2019 | 89.90% |
| Sep 30, 2019 | 92.67% |
| Jun 30, 2019 | 92.49% |
| Mar 31, 2019 | 87.34% |
| Dec 31, 2018 | 90.82% |