Murphy USA Inc (MUSA)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 18,766,000 | 20,789,000 | 14,899,700 | 9,168,200 | 11,835,700 |
| Revenue | US$ in thousands | 21,529,400 | 23,446,100 | 17,360,500 | 11,264,300 | 14,034,600 |
| Gross profit margin | 87.16% | 88.67% | 85.83% | 81.39% | 84.33% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $18,766,000K ÷ $21,529,400K
= 87.16%
The gross profit margin of Murphy USA Inc has shown fluctuations over the past five years. In 2023, the gross profit margin stood at 10.75%, demonstrating a slight increase from the previous year. However, when compared to 2020, the margin has declined significantly from 12.81% to 10.75%. The company experienced a notable improvement in gross profit margin in 2020 compared to the lower margin in 2019. Overall, it is important for the company to consistently monitor and manage its cost of goods sold in relation to its revenue to sustain or improve its gross profit margin in the future.
Peer comparison
Dec 31, 2023