ConocoPhillips (COP)
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 | 16,841,000 | 17,319,000 | 17,730,000 | 17,410,000 | 18,074,000 | 19,347,000 | 22,821,000 | 27,358,000 | 30,013,000 | 29,370,000 | 25,365,000 | 20,301,000 | 14,768,000 | 9,813,000 | 5,900,000 | 2,002,000 | 841,000 | 2,635,000 | 4,611,000 | 7,568,000 |
| Revenue (ttm) | US$ in thousands | 55,276,000 | 55,684,000 | 56,330,000 | 55,093,000 | 56,056,000 | 59,970,000 | 66,733,000 | 75,543,000 | 78,494,000 | 75,056,000 | 65,369,000 | 53,764,000 | 45,828,000 | 36,199,000 | 29,259,000 | 22,452,000 | 18,784,000 | 21,001,000 | 24,371,000 | 29,575,000 |
| Gross profit margin | 30.47% | 31.10% | 31.48% | 31.60% | 32.24% | 32.26% | 34.20% | 36.22% | 38.24% | 39.13% | 38.80% | 37.76% | 32.22% | 27.11% | 20.16% | 8.92% | 4.48% | 12.55% | 18.92% | 25.59% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $16,841,000K ÷ $55,276,000K
= 30.47%
ConocoPhillips' gross profit margin has displayed fluctuating trends over the periods provided. The margin declined from 25.59% as of March 31, 2020, to a low of 4.48% by December 31, 2020, indicating a significant decrease in profitability. However, there was a recovery in the following periods, with the margin gradually increasing to 39.13% as of September 30, 2022.
From September 2022 to December 2024, the gross profit margin remained relatively stable, fluctuating within a range of 30-39%. This stability suggests that ConocoPhillips was able to maintain a consistent level of profitability during this period.
Overall, the upward trend in the later periods indicates an improvement in ConocoPhillips' ability to generate profits from its core operations, reflecting positively on the company's financial performance. However, it is important to monitor future trends to assess the sustainability of this profitability level.
Peer comparison
Dec 31, 2024