Core Metrics

Intermediate

What is the difference between gross margin and net margin?

Gross margin focuses on production economics before operating expenses, while net margin includes all costs and taxes to show final profitability.

Quick Definition

Gross margin = (Revenue − COGS) ÷ Revenue. Net margin = Net Income ÷ Revenue. Gross margin shows production efficiency; net margin shows overall profitability after all expenses and taxes.

Use this concept with tools

Investor quotes to remember

If you don't keep learning, others will surpass you.

Charlie Munger

The most dangerous words in investing are 'this time is different'.

Charlie Munger

I only bet when the odds are clearly in my favor.

Charlie Munger

Knowing what you don't know is more important than knowing what you do.

Charlie Munger

Related concepts