Antero Midstream Partners LP (AM)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 731,127 | 686,720 | 603,232 | 601,530 | -99,310 |
| Revenue | US$ in thousands | 1,106,190 | 1,041,770 | 919,985 | 898,202 | 900,719 |
| Gross profit margin | 66.09% | 65.92% | 65.57% | 66.97% | -11.03% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $731,127K ÷ $1,106,190K
= 66.09%
The gross profit margin of Antero Midstream Partners LP has shown a significant improvement over the years based on the provided data. From a negative figure of -11.03% as of December 31, 2020, the company turned around its performance to achieve a gross profit margin of 66.97% by December 31, 2021. This positive trend continued as the gross profit margin remained strong at 65.57% as of December 31, 2022, 65.92% as of December 31, 2023, and 66.09% by December 31, 2024.
The consistent increase in the gross profit margin indicates that Antero Midstream Partners LP has been effectively managing its cost of goods sold and generating higher revenues relative to its production costs. This trend is a positive sign of the company's operational efficiency and profitability growth over the years, reflecting a strong performance in managing its core business activities.
Peer comparison
Dec 31, 2024