Weatherford International PLC (WFRD)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,560,000 | 4,692,000 | 4,499,000 | 4,283,000 | 4,012,000 | 2,351,000 | 3,016,000 | 3,681,000 | 4,357,000 | 4,345,000 | 4,143,000 | 3,668,000 | 3,199,000 | 3,466,000 | 2,438,000 | 1,718,000 | 1,101,000 | 1,169,000 | 1,201,000 | 1,216,000 |
| Revenue (ttm) | US$ in thousands | 5,023,000 | 4,982,000 | 4,789,000 | 4,579,000 | 4,331,000 | 4,087,000 | 3,912,000 | 3,751,000 | 3,645,000 | 2,718,000 | 3,357,000 | 4,096,000 | 4,479,000 | 5,656,000 | 5,386,000 | 5,053,000 | 5,184,000 | 5,315,000 | 5,445,000 | 5,584,000 |
| Gross profit margin | 90.78% | 94.18% | 93.94% | 93.54% | 92.63% | 57.52% | 77.10% | 98.13% | 119.53% | 159.86% | 123.41% | 89.55% | 71.42% | 61.28% | 45.27% | 34.00% | 21.24% | 21.99% | 22.06% | 21.78% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,560,000K ÷ $5,023,000K
= 90.78%
Weatherford International plc's gross profit margin has shown a consistent improvement over the last eight quarters, reflecting a positive trend in the company's operational efficiency. The margins have steadily increased from 26.37% in Q1 2022 to 33.89% in Q4 2023. This indicates that the company has been able to effectively control its direct costs of goods sold and enhance its profitability on sales.
The progressive growth in gross profit margin suggests that Weatherford International plc may have implemented cost management strategies, optimized its production processes, or improved pricing strategies. Such actions have positively impacted the company's bottom line and overall financial performance.
Overall, the steady and increasing trend in gross profit margin demonstrates Weatherford International plc's ability to generate higher profits from its core business activities while maintaining a competitive position in its industry. Investors and stakeholders may view this trend favorably as an indicator of the company's improving operational efficiency and profitability.
Peer comparison
Dec 31, 2023