Major Drilling Group International Inc
TSX:MDI

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Major Drilling Group International Inc Logo
Major Drilling Group International Inc
TSX:MDI
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Price: 9.28 CAD -0.75% Market Closed
Market Cap: 759.6m CAD

Gross Margin
Major Drilling Group International Inc

17.9%
Current
22%
Average
18.3%
Industry

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
17.9%
=
Gross Profit
130.5m
/
Revenue
727.6m

Gross Margin Across Competitors

Major Drilling Group International Inc
Glance View

Market Cap
759.5m CAD
Industry
Metals & Mining

Major Drilling Group International, Inc. engages in the provision of water and mineral exploration drilling services. The company is headquartered in Moncton, New Brunswick and currently employs 3,825 full-time employees. The firm operates through three geographical segments: Canada - U.S.; South and Central America, and Asia and Africa. The firm is primarily engaged in the mining industry. The firm provides a range of drilling services, including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive/ longhole drilling, surface drill and blast, and a variety of mine services. The firm has two categories of customers: junior exploration companies and a diversified portfolio of senior/intermediate companies, for which the Company provides greenfield exploration drilling and/or drilling at operating mines. The firm also has an investment in a fleet of digitized mobile underground drills that allow less dependence on client resources as well as increased ability for automation and versatility.

MDI Intrinsic Value
HIDDEN
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What is Gross Margin?

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
17.9%
=
Gross Profit
130.5m
/
Revenue
727.6m
What is the Gross Margin of Major Drilling Group International Inc?

Based on Major Drilling Group International Inc's most recent financial statements, the company has Gross Margin of 17.9%.

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