ChampionX Corporation (CHX)
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 | 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 | 377,104 | 411,065 | 430,693 | 426,023 |
| Revenue (ttm) | US$ in thousands | 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 | 1,131,251 | 1,196,636 | 1,235,968 | 1,235,545 |
| Gross profit margin | 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% | 33.34% | 34.35% | 34.85% | 34.48% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,139,639K ÷ $3,758,285K
= 30.32%
The gross profit margin of ChampionX Corp. has shown a consistent upward trend over the past eight quarters, indicating an improvement in the company's ability to generate profits from its core operations. The margin has increased from 23.61% in Q4 2022 to 30.32% in Q4 2023, reflecting a positive trajectory in the company's profitability. This steady improvement suggests that ChampionX Corp. has been successful in controlling its production costs and managing its pricing strategies effectively. It is important for the company to sustain this positive momentum to ensure long-term profitability and financial stability.
Peer comparison
Dec 31, 2023