Vital Energy Inc. (VTLE)

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	357,503	1,410,874	979,339	826,191	893,103	750,845	1,030,769	1,207,425	1,059,791	1,576,937	1,243,090	781,888	651,915	369,756	41,085	-433,960	-88,600	-58,543	-44,300	715,671
Revenue (ttm)	US$ in thousands	1,710,423	2,010,826	1,585,927	1,427,688	1,491,174	1,197,050	1,470,610	1,645,783	1,495,182	1,639,176	1,357,310	948,273	844,278	562,119	410,399	469,362	863,451	893,508	1,069,249	1,247,510
Gross profit margin		20.90%	70.16%	61.75%	57.87%	59.89%	62.72%	70.09%	73.36%	70.88%	96.20%	91.58%	82.45%	77.22%	65.78%	10.01%	-92.46%	-10.26%	-6.55%	-4.14%	57.37%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $357,503K ÷ $1,710,423K
= 20.90%

Vital Energy Inc.'s gross profit margin has experienced fluctuations over the past few years. The margin started at a healthy 57.37% in March 2020 but then declined significantly to negative values in the subsequent quarters, indicating potential issues with controlling the cost of goods sold relative to revenue.

However, the company managed to improve its gross profit margin from the negative values and saw a positive trend starting in June 2021. This improvement continued over the following quarters, reaching levels as high as 96.20% in September 2022. These higher margins suggest that Vital Energy Inc. was effectively managing its production costs and generating more revenue relative to the costs of goods sold.

There was a slight dip in the gross profit margin towards the end of 2022, but the company maintained relatively healthy margins above 50% through 2023. In December 2024, the gross profit margin decreased significantly to 20.90%, indicating a potential decrease in profitability.

Overall, Vital Energy Inc. has shown a mix of positive and negative trends in its gross profit margin over the analyzed period, indicating fluctuations in the company's ability to control production costs and generate profits from its core business activities.