Hess Corporation (HES)
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 | 8,094,000 | 6,551,000 | 5,660,000 | 5,630,000 | 5,500,000 | 6,545,000 | 6,953,000 | 7,802,000 | 7,914,000 | 7,398,000 | 6,252,000 | 4,946,000 | 4,544,000 | 3,560,000 | 2,824,000 | 2,003,000 | 1,251,000 | 1,441,000 | 1,810,000 | 2,631,000 |
| Revenue (ttm) | US$ in thousands | 12,843,000 | 12,713,000 | 12,322,000 | 11,409,000 | 10,511,000 | 10,434,000 | 10,756,000 | 11,422,000 | 11,324,000 | 10,627,000 | 9,264,000 | 7,888,000 | 7,473,000 | 6,557,000 | 5,957,000 | 5,211,000 | 4,667,000 | 5,029,000 | 5,450,000 | 6,277,000 |
| Gross profit margin | 63.02% | 51.53% | 45.93% | 49.35% | 52.33% | 62.73% | 64.64% | 68.31% | 69.89% | 69.62% | 67.49% | 62.70% | 60.81% | 54.29% | 47.41% | 38.44% | 26.81% | 28.65% | 33.21% | 41.91% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $8,094,000K ÷ $12,843,000K
= 63.02%
The gross profit margin of Hess Corporation has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. Initially, the gross profit margin decreased from 41.91% in March 2020 to 26.81% in December 2020, indicating a decline in profitability during this period. However, there was a noticeable improvement in the following quarters, with the margin increasing to 60.81% by December 2021 and peaking at 69.89% by December 2022.
Subsequently, the gross profit margin experienced a slight decline, falling to 52.33% in December 2023, before recovering to 63.02% by December 2024. Overall, the trend in the gross profit margin reflects both periods of growth and contraction in profitability for Hess Corporation over the analyzed time frame. It is important for the company to closely monitor and manage its cost structure and revenue generation to sustain and enhance its gross profit margin in the future.
Peer comparison
Dec 31, 2024