Range Resources Corp (RRC)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,042,030 | 2,827,900 | 3,384,280 | 2,358,800 | 967,750 |
| Revenue | US$ in thousands | 2,417,080 | 3,374,870 | 4,146,800 | 2,930,220 | 1,968,700 |
| Gross profit margin | 84.48% | 83.79% | 81.61% | 80.50% | 49.16% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,042,030K ÷ $2,417,080K
= 84.48%
Range Resources Corp's gross profit margin has shown a positive trend over the analyzed period. Starting at 49.16% on December 31, 2020, the gross profit margin increased consistently to 84.48% by December 31, 2024. This consistent growth in gross profit margin indicates that the company has been able to effectively manage its production costs and improve operational efficiency, leading to a higher percentage of revenue retained as gross profit. The significant improvement in gross profit margin over the years reflects positively on Range Resources Corp's ability to generate a higher profit from its core business activities.
Peer comparison
Dec 31, 2024