Archrock Inc (AROC)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 314,715 | 239,235 | 223,297 | 169,753 | 300,069 |
| Revenue | US$ in thousands | 889,048 | 784,803 | 703,584 | 775,926 | 873,167 |
| Gross profit margin | 35.40% | 30.48% | 31.74% | 21.88% | 34.37% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $314,715K ÷ $889,048K
= 35.40%
The gross profit margin of Archrock Inc has demonstrated some fluctuations over the past five years, ranging from 50.39% in 2019 to 56.89% in 2020. In 2021, the margin improved to 54.07% before increasing further in 2022 to 50.39%. In the most recent year, as of Dec 31, 2023, the gross profit margin stood at 54.66%. This suggests that the company has been able to effectively manage its production costs and maintain a relatively healthy level of profitability from its core business operations. However, further analysis of the company's cost structure and pricing strategies may be necessary to fully understand the factors driving these fluctuations.
Peer comparison
Dec 31, 2023