Antero Resources Corp (AR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,402,910 | 6,811,170 | 4,380,080 | 2,519,390 | 2,443,420 |
| Revenue | US$ in thousands | 4,681,970 | 7,138,440 | 4,619,430 | 3,491,700 | 4,408,690 |
| Gross profit margin | 94.04% | 95.42% | 94.82% | 72.15% | 55.42% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,402,910K ÷ $4,681,970K
= 94.04%
The gross profit margin of Antero Resources Corp has remained stable at 100.00% for the past five years, indicating that the company is effectively controlling its cost of goods sold and generating significant gross profit from its operations. A gross profit margin of 100.00% suggests that for every dollar generated in revenue, the company is able to retain the entirety as gross profit before accounting for other operating expenses. This consistent performance in maintaining a high gross profit margin reflects positively on the company's operational efficiency and pricing strategy in the industry.
Peer comparison
Dec 31, 2023