Magnolia Oil & Gas Corp (MGY)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	1,220,420	1,145,840	1,618,820	988,797	445,365
Revenue	US$ in thousands	1,315,890	1,226,980	1,694,490	1,078,350	541,303
Gross profit margin		92.74%	93.39%	95.53%	91.70%	82.28%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,220,420K ÷ $1,315,890K
= 92.74%

The gross profit margin of Magnolia Oil & Gas Corp has shown a positive trend over the years. Starting at 82.28% on December 31, 2020, the margin increased consistently to 91.70% on December 31, 2021. Subsequently, it continued to rise to 95.53% on December 31, 2022, indicating strong profitability in the core operations of the company.

Although there was a slight dip to 93.39% on December 31, 2023, the margin remained at a high level, reflecting the company's ability to effectively manage its cost of goods sold and generate significant revenue from its products and services. As of December 31, 2024, the gross profit margin stood at 92.74%, indicating continued strength in the company's operational efficiency and profitability.