Matador Resources Company (MTDR)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	2,556,851	2,460,828	2,534,183	2,842,589	2,840,861	2,805,105	2,439,605	1,853,142	1,561,883	543,641	95,149	-189,668	-78,938	665,870	925,432	1,098,907	899,205	909,003	839,080	778,844
Revenue (ttm)	US$ in thousands	2,806,785	2,678,128	2,746,762	3,052,609	3,058,025	2,916,908	2,548,331	1,961,828	1,662,981	1,320,858	1,051,893	757,386	862,126	926,566	1,002,582	1,181,366	983,670	984,869	912,645	882,308
Gross profit margin		91.10%	91.89%	92.26%	93.12%	92.90%	96.17%	95.73%	94.46%	93.92%	41.16%	9.05%	-25.04%	-9.16%	71.86%	92.30%	93.02%	91.41%	92.30%	91.94%	88.27%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,556,851K ÷ $2,806,785K
= 91.10%

Based on the provided data, Matador Resources Co has consistently maintained a gross profit margin of 100% across all quarters from Q1 2022 to Q4 2023. A gross profit margin of 100% indicates that the company is able to generate revenue that fully covers the cost of goods sold, resulting in all revenue left after subtracting these costs as gross profit. This exceptional performance suggests that Matador Resources Co has effectively managed its production costs and maintained pricing strategies to ensure strong profitability on its core operations. The stability and high level of the gross profit margin over multiple quarters indicate a strong operational efficiency and effective cost control measures within the company.