Murphy USA Inc (MUSA)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	5,776,600	5,880,900	10,791,500	11,087,100	11,437,700	7,182,100	2,323,700	2,371,500	2,399,900	2,330,800	2,137,700	2,018,600	1,848,900	1,675,600	1,532,900	1,474,100	1,442,900	1,415,000	1,415,000	1,245,300
Revenue (ttm)	US$ in thousands	20,244,300	20,602,800	21,162,200	21,295,900	21,529,400	21,826,800	22,223,600	23,404,900	23,446,100	22,846,800	21,252,500	18,941,800	17,360,500	15,454,400	13,693,000	11,616,600	11,264,300	11,863,600	12,682,200	14,103,000
Gross profit margin		28.53%	28.54%	50.99%	52.06%	53.13%	32.90%	10.46%	10.13%	10.24%	10.20%	10.06%	10.66%	10.65%	10.84%	11.19%	12.69%	12.81%	11.93%	11.16%	8.83%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,776,600K ÷ $20,244,300K
= 28.53%

The gross profit margin of Murphy USA Inc shows fluctuations over the analyzed period. Starting at 8.83% on March 31, 2020, the margin improved gradually, reaching a peak of 53.13% on December 31, 2023. This significant increase could be attributed to various factors such as better cost management, pricing strategies, or revenue growth. However, there was a notable decline in the margin to 28.53% by the end of December 31, 2024. This decline may raise concerns about the company's ability to maintain profitability due to potential increases in costs or changes in market conditions. Overall, while the company experienced both growth and decline in gross profit margin during the period, further analysis is necessary to understand the underlying reasons for these fluctuations and their implications for the company's financial performance.