Murphy USA Inc (MUSA)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 20,244,300 | 20,514,600 | 2,399,900 | 1,848,900 | 1,442,900 |
| Revenue | US$ in thousands | 20,244,300 | 21,529,400 | 23,446,100 | 17,360,500 | 11,264,300 |
| Gross profit margin | 100.00% | 95.29% | 10.24% | 10.65% | 12.81% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $20,244,300K ÷ $20,244,300K
= 100.00%
Based on the data provided, Murphy USA Inc's gross profit margin has shown fluctuations over the years. In December 2020, the gross profit margin was 12.81%, which dropped to 10.65% by December 2021 and further decreased to 10.24% by December 2022. However, there was a significant increase in the gross profit margin in December 2023, reaching 95.29%, and a remarkable increase to 100.00% by December 2024.
The sharp increase in the gross profit margin in 2023 and 2024 indicates that the company experienced a substantial improvement in its ability to generate profit from its core operations compared to the previous years. Such a significant rise could be attributed to various factors such as cost management, revenue growth, operational efficiencies, or pricing strategies.
It is essential for stakeholders to monitor the trend in gross profit margin over time to assess the company's profitability and operational performance accurately. Further analysis of the underlying reasons behind these fluctuations in the gross profit margin would provide valuable insights into Murphy USA Inc's financial health and competitiveness within the industry.
Peer comparison
Dec 31, 2024