Gross profit is revenue less the cost of revenue. It is what a company keeps from its sales before it pays for research, sales and marketing, administration and other operating costs.
How Listed shows it
Listed shows gross profit only where the company reports it, under the XBRL concept GrossProfit. It does not subtract cost of revenue from revenue itself. A company that does not report gross profit has usually chosen not to: it may leave some direct costs outside cost of revenue, or present its costs in a way that makes the subtraction misleading. A figure the company never stated is not shown as if it had.
Q4 is derived as the fiscal year less the first three quarters.
What to check
Gross profit moves with pricing, product mix and input costs. A change in what the company counts as cost of revenue changes gross profit too, so read the cost of revenue line's description when gross profit jumps.
When it says "not reported"
- The company does not present a gross profit line. Many banks, insurers, utilities and service companies do not.
- The company tags it with a concept of its own.
When gross profit is not reported, the forecast leagues ask for operating margin instead of gross margin.