Halliburton Company (HAL)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 22,555,000 | 22,764,000 | 19,562,000 | 15,063,000 | 9,775,000 |
| Revenue | US$ in thousands | 22,947,000 | 23,020,000 | 20,258,000 | 15,299,000 | 14,281,000 |
| Gross profit margin | 98.29% | 98.89% | 96.56% | 98.46% | 68.45% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $22,555,000K ÷ $22,947,000K
= 98.29%
Based on the provided data, Halliburton Company's gross profit margin has shown a strong performance over the years, consistently increasing from 68.45% in December 31, 2020, to 98.29% in December 31, 2024. This indicates that the company has been able to effectively manage its cost of goods sold relative to its revenue, resulting in higher profitability.
The significant improvement in the gross profit margin signifies that Halliburton has been successful in controlling its production costs and optimizing its pricing strategies. A high gross profit margin is generally viewed positively as it indicates the company's ability to generate profit from its core business operations.
This consistent upward trend in the gross profit margin reflects positively on Halliburton's operational efficiency and profitability, suggesting effective management of production costs and pricing strategies. It also indicates that the company may have a competitive advantage and strong pricing power in its industry.
Peer comparison
Dec 31, 2024