ChampionX Corporation (CHX)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,188,702 | 1,159,037 | 1,153,128 | 1,155,488 | 1,139,639 | 1,140,044 | 1,044,727 | 974,409 | 898,664 | 821,356 | 820,436 | 788,553 | 743,275 | 704,103 | 636,940 | 489,165 | 409,172 | 315,663 | 279,902 | 356,432 |
| Revenue (ttm) | US$ in thousands | 3,633,983 | 3,665,501 | 3,698,751 | 3,732,079 | 3,758,285 | 3,800,585 | 3,882,362 | 3,888,334 | 3,805,947 | 3,642,237 | 3,439,462 | 3,256,062 | 3,074,990 | 2,958,967 | 2,773,708 | 2,323,450 | 1,899,996 | 1,441,622 | 1,084,935 | 1,092,191 |
| Gross profit margin | 32.71% | 31.62% | 31.18% | 30.96% | 30.32% | 30.00% | 26.91% | 25.06% | 23.61% | 22.55% | 23.85% | 24.22% | 24.17% | 23.80% | 22.96% | 21.05% | 21.54% | 21.90% | 25.80% | 32.63% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,188,702K ÷ $3,633,983K
= 32.71%
The gross profit margin of ChampionX Corporation has shown fluctuating trends over the past several quarters. It declined from 32.63% in March 2020 to 21.54% in December 2020 before starting to recover.
From March 2021 to September 2021, there was a gradual increase in the gross profit margin, reaching 23.80% by the end of September 2021. However, there was a slight decline in the margin in December 2021.
Despite the fluctuations, the gross profit margin saw a positive trend in the following quarters, with a significant increase from 23.61% in December 2022 to 32.71% by the end of December 2024.
Overall, the company has managed to improve its gross profit margin significantly over the analyzed period, signaling a potentially more efficient and profitable operation.
Peer comparison
Dec 31, 2024