Expand Energy Corporation (EXE)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 8,573,000 | 11,579,000 | 5,429,000 | -3,598,000 | 8,219,000 |
| Revenue | US$ in thousands | 8,721,000 | 11,743,000 | 5,549,000 | 5,240,000 | 8,532,000 |
| Gross profit margin | 98.30% | 98.60% | 97.84% | -68.66% | 96.33% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $8,573,000K ÷ $8,721,000K
= 98.30%
The gross profit margin of Expand Energy Corporation has exhibited fluctuating trends over the past five years. In 2023 and 2022, the company's gross profit margin stood at 98.30% and 98.60% respectively, reflecting a high level of efficiency in generating profits after accounting for the cost of goods sold. This indicates strong pricing strategies, cost controls, or possibly economies of scale.
However, in 2021, there was a slight decrease in the gross profit margin to 97.84%, which could be attributed to factors such as increased competition, rising costs, or changes in the sales mix. Notably, in 2020, the gross profit margin was negative at -68.66%, indicating that the cost of goods sold exceeded the revenue generated from sales. This could be due to write-downs, inventory obsolescence, or other non-recurring expenses.
In 2019, the gross profit margin was at a healthy level of 96.33%, indicating efficient operations in that year. Overall, while the company has demonstrated strong gross profit margins in recent years, the significant fluctuation in 2020 highlights potential vulnerabilities that need to be reviewed and addressed to ensure consistent profitability in the future.
Peer comparison
Dec 31, 2023