Hess Corporation (HES)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 13,018,000 | 8,249,000 | 7,914,000 | 4,544,000 | 1,251,000 |
| Revenue | US$ in thousands | 13,018,000 | 10,511,000 | 11,324,000 | 7,473,000 | 4,667,000 |
| Gross profit margin | 100.00% | 78.48% | 69.89% | 60.81% | 26.81% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $13,018,000K ÷ $13,018,000K
= 100.00%
The gross profit margin of Hess Corporation has shown a significant upward trend over the past five years, increasing from 26.81% as of December 31, 2020, to 100.00% as of December 31, 2024. This indicates that the company's ability to generate profit from its core operations has substantially improved. The substantial growth in gross profit margin may be attributed to various factors such as effective cost management, pricing strategies, operational efficiencies, or changes in the product mix. A gross profit margin of 100.00% as of December 31, 2024, suggests that the company is generating profit from its goods and services at a rate equal to their cost, which could be a strong indicator of operational excellence. However, it is important to delve deeper into the financial statements and consider other relevant factors to assess the overall financial health and performance of Hess Corporation.
Peer comparison
Dec 31, 2024