Archrock Inc (AROC)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 310,302 | 279,243 | 245,790 | 220,433 | 207,592 | 197,392 | 195,502 | 195,846 | 204,780 | 209,053 | 233,155 | 193,731 | 105,497 | 126,030 | 134,835 | 197,753 | 300,069 | 301,200 | 288,380 | 274,850 |
| Revenue (ttm) | US$ in thousands | 884,635 | 850,029 | 813,492 | 785,951 | 753,160 | 724,464 | 705,631 | 683,916 | 685,067 | 688,377 | 699,129 | 720,039 | 768,969 | 841,112 | 878,250 | 896,466 | 884,844 | 872,016 | 863,322 | 858,072 |
| Gross profit margin | 35.08% | 32.85% | 30.21% | 28.05% | 27.56% | 27.25% | 27.71% | 28.64% | 29.89% | 30.37% | 33.35% | 26.91% | 13.72% | 14.98% | 15.35% | 22.06% | 33.91% | 34.54% | 33.40% | 32.03% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $310,302K ÷ $884,635K
= 35.08%
Archrock Inc's gross profit margin has shown some fluctuations over the past eight quarters. The company's gross profit margin trended upwards in the most recent quarter, reaching 54.66%, compared to the previous quarter's 53.09%. This indicates that Archrock Inc was able to generate more gross profit relative to its revenue in Q4 2023.
Looking at the longer-term trend, the company's gross profit margins have generally been in the range of 50% to 54% over the past two years. While there were some fluctuations, the margins have remained relatively stable within this range.
Overall, Archrock Inc's gross profit margin performance indicates that the company has been effectively managing its production costs and pricing strategies to maintain a healthy level of profitability. It is important for investors and analysts to continue monitoring this metric alongside other financial indicators to assess the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023