APA Corporation (APA)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,302,000 | 4,227,000 | 6,255,000 | 3,540,000 | 905,000 |
| Revenue | US$ in thousands | 9,737,000 | 8,279,000 | 11,075,000 | 7,985,000 | 4,435,000 |
| Gross profit margin | 44.18% | 51.06% | 56.48% | 44.33% | 20.41% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,302,000K ÷ $9,737,000K
= 44.18%
The gross profit margin of APA Corporation has exhibited a notable upward trend from 20.41% as of December 31, 2020, to 44.18% as of December 31, 2024. This improvement indicates that the company has become more efficient in generating profit from its production and sales activities over the years.
Specifically, the gross profit margin increased to 44.33% by December 31, 2021, and further rose to 56.48% by December 31, 2022, showcasing a significant boost in profitability during these periods.
However, there was a slight decline in the gross profit margin to 51.06% by December 31, 2023, followed by a more noticeable decrease to 44.18% by December 31, 2024. Despite these declines in the later years, the overall trend suggests that APA Corporation has successfully enhanced its operational efficiency and profitability during the period under consideration.
Peer comparison
Dec 31, 2024