APA Corporation (APA)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,195,000 | 4,207,000 | 4,300,000 | 4,102,000 | 4,227,000 | 4,440,000 | 4,785,000 | 5,714,000 | 6,255,000 | 6,043,000 | 5,446,000 | 4,429,000 | 3,540,000 | 2,770,000 | 2,151,000 | 1,332,000 | 905,000 | 1,048,000 | 1,011,000 | 1,575,000 |
| Revenue (ttm) | US$ in thousands | 9,737,000 | 9,192,000 | 8,969,000 | 8,222,000 | 8,279,000 | 8,584,000 | 9,163,000 | 10,414,000 | 11,075,000 | 10,902,000 | 10,074,000 | 8,783,000 | 7,985,000 | 6,905,000 | 5,966,000 | 4,962,000 | 4,435,000 | 4,841,000 | 5,159,000 | 6,005,000 |
| Gross profit margin | 43.08% | 45.77% | 47.94% | 49.89% | 51.06% | 51.72% | 52.22% | 54.87% | 56.48% | 55.43% | 54.06% | 50.43% | 44.33% | 40.12% | 36.05% | 26.84% | 20.41% | 21.65% | 19.60% | 26.23% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,195,000K ÷ $9,737,000K
= 43.08%
APA Corporation's gross profit margin has shown fluctuating trends over the last few years. It started at 26.23% in March 2020, dropped to 19.60% by June 2020, and then gradually improved to 44.33% by December 2021. Subsequently, there was a significant increase to 56.48% by December 2022, indicating improved efficiency in generating profits from sales.
However, the gross profit margin started declining in the following periods, reaching 43.08% by December 2024. Despite this decrease, the company's gross profit margin remains relatively healthy, reflecting the company's ability to control production costs and maintain a reasonable level of profitability from its core operations. It is essential for APA Corporation to monitor and manage its cost structure effectively to sustain and potentially enhance its gross profit margin in the future.
Peer comparison
Dec 31, 2024