RPC Inc (RES)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 378,351 | 419,832 | 430,630 | 128,981 | 22,033 |
| Revenue | US$ in thousands | 1,415,000 | 1,617,470 | 1,601,760 | 864,929 | 598,302 |
| Gross profit margin | 26.74% | 25.96% | 26.88% | 14.91% | 3.68% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $378,351K ÷ $1,415,000K
= 26.74%
RPC Inc's gross profit margin has shown a notable improvement over the past five years. Starting at a relatively low 3.68% on December 31, 2020, the margin has steadily increased to 14.91% by December 31, 2021, indicating an improvement in the company's ability to generate profit from its core operations.
The trend continued positively with significant growth, reaching 26.88% by December 31, 2022, reflecting an enhanced efficiency in managing production costs and maximizing revenue from sales. Despite a slight decrease to 25.96% by December 31, 2023, the margin remained relatively high, showing the company's sustained profitability levels.
Ending on a strong note, RPC Inc achieved a gross profit margin of 26.74% by December 31, 2024, showcasing consistent profitability and operational effectiveness. Overall, the progressive improvement in the gross profit margin over the years indicates the company's success in optimizing its production processes and enhancing its financial performance.
Peer comparison
Dec 31, 2024