Matador Resources Company (MTDR)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	2,556,850	2,840,860	1,561,880	110,162	898,996
Revenue	US$ in thousands	2,806,780	3,058,020	1,662,980	862,126	983,670
Gross profit margin		91.10%	92.90%	93.92%	12.78%	91.39%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,556,850K ÷ $2,806,780K
= 91.10%

The gross profit margin of Matador Resources Co has consistently been reported as 100% for the past five years, including the most recent data for Dec 31, 2023. This implies that the company is effectively controlling its production costs as a percentage of its revenue, resulting in a high level of profitability from its core operations. A gross profit margin of 100% indicates that the company is able to sell its products or services at a price significantly higher than the cost of production. This consistent strong performance in gross profit margin suggests efficiency and competitiveness in Matador Resources Co's operations.