Archrock Inc (AROC)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 505,896 | 375,077 | 239,235 | 223,297 | 169,753 |
| Revenue | US$ in thousands | 1,172,300 | 889,048 | 784,803 | 703,584 | 775,926 |
| Gross profit margin | 43.15% | 42.19% | 30.48% | 31.74% | 21.88% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $505,896K ÷ $1,172,300K
= 43.15%
The gross profit margin of Archrock Inc has shown a positive trend over the analyzed period. Starting at 21.88% on December 31, 2020, the margin has steadily increased to 43.15% by December 31, 2024. This indicates a significant improvement in the company's ability to generate profit from its core operations after accounting for the cost of goods sold. The consistent growth in gross profit margin reflects efficient cost management, pricing strategies, or potentially a shift towards higher-margin products or services. Overall, the increasing trend in the gross profit margin suggests enhanced profitability and operational performance for Archrock Inc during the specified period.
Peer comparison
Dec 31, 2024