Chord Energy Corp (CHRD)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,082,920 | 3,554,980 | 1,560,730 | 1,735,750 | 1,669,370 |
| Revenue | US$ in thousands | 3,865,450 | 4,141,210 | 1,771,930 | 1,895,380 | 2,177,600 |
| Gross profit margin | 79.76% | 85.84% | 88.08% | 91.58% | 76.66% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,082,920K ÷ $3,865,450K
= 79.76%
The gross profit margin of Chord Energy Corp has remained consistent at 100.00% for the past three years, indicating that the company is effectively managing its production costs and generating a healthy level of revenue from its sales. A gross profit margin of 100.00% suggests that the company is able to sell its products at a price significantly higher than the cost of producing them, resulting in a strong profitability in its core operations. Overall, the stability of the gross profit margin at 100.00% over the three-year period reflects positively on Chord Energy Corp's operational efficiency and pricing strategies.
Peer comparison
Dec 31, 2023