EOG Resources Inc (EOG)
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 | 14,734,000 | 13,760,000 | 14,443,000 | 15,820,000 | 17,573,000 | 18,358,000 | 19,863,000 | 21,797,000 | 19,980,000 | 19,177,000 | 16,415,000 | 13,222,000 | 13,161,000 | 10,268,010 | 7,981,830 | 5,319,056 | 4,950,296 | 6,123,666 | 7,744,616 | 10,649,680 |
| Revenue (ttm) | US$ in thousands | 23,427,000 | 23,807,000 | 24,055,000 | 23,463,000 | 23,182,000 | 23,871,000 | 25,351,000 | 27,298,000 | 25,702,000 | 25,027,000 | 22,199,000 | 18,931,000 | 18,642,000 | 15,481,640 | 13,018,780 | 10,092,800 | 9,873,240 | 11,217,340 | 13,103,000 | 16,376,500 |
| Gross profit margin | 62.89% | 57.80% | 60.04% | 67.43% | 75.80% | 76.91% | 78.35% | 79.85% | 77.74% | 76.63% | 73.94% | 69.84% | 70.60% | 66.32% | 61.31% | 52.70% | 50.14% | 54.59% | 59.11% | 65.03% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $14,734,000K ÷ $23,427,000K
= 62.89%
The gross profit margin of EOG Resources Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024.
The gross profit margin started at a high of 65.03% in March 2020 but decreased to 59.11% by June 2020. It continued to decline to 50.14% by December 2020, indicating a decrease in the percentage of revenue retained after accounting for the cost of goods sold.
However, the trend reversed in the following periods, showing an upward trajectory. In March 2021, the gross profit margin increased to 52.70% and continued to rise steadily, reaching 77.74% by December 2022. This upward trend indicates improved efficiency in managing production costs or potentially higher sales prices compared to the cost of goods sold.
Subsequently, the gross profit margin started decreasing again, falling to 60.04% by June 2024 before slightly rebounding to 62.89% by December 2024.
Overall, the gross profit margin of EOG Resources Inc has demonstrated variability over the analyzed period, reflecting the company's ability to control production costs and generate profits from its operations.
Peer comparison
Dec 31, 2024