Exxon Mobil Corp (XOM)
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 | 338,779,000 | 336,212,000 | 336,630,000 | 326,473,000 | 329,915,000 | 344,166,000 | 365,653,000 | 398,383,000 | 402,359,000 | 391,466,000 | 353,223,000 | 305,417,000 | 273,736,000 | 235,526,000 | 207,813,000 | 175,137,000 | 168,581,000 | 189,100,000 | 207,403,000 | 239,518,000 |
| Revenue (ttm) | US$ in thousands | 349,585,000 | 350,503,000 | 351,247,000 | 341,101,000 | 344,582,000 | 355,667,000 | 376,977,000 | 409,744,000 | 413,680,000 | 403,216,000 | 364,932,000 | 316,993,000 | 285,640,000 | 247,215,000 | 219,628,000 | 184,491,000 | 181,502,000 | 202,135,000 | 220,985,000 | 257,471,000 |
| Gross profit margin | 96.91% | 95.92% | 95.84% | 95.71% | 95.74% | 96.77% | 97.00% | 97.23% | 97.26% | 97.09% | 96.79% | 96.35% | 95.83% | 95.27% | 94.62% | 94.93% | 92.88% | 93.55% | 93.85% | 93.03% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $338,779,000K ÷ $349,585,000K
= 96.91%
Exxon Mobil Corp's gross profit margin has shown a consistent and favorable trend over the past few years. Starting at 93.03% in March 2020, the gross profit margin increased steadily, reaching a peak of 97.26% by December 2022. This indicates the company's ability to effectively control its production costs and generate a high level of revenue from its core operations.
However, there was a slight dip in the gross profit margin in the following periods, with a decline to 95.74% by December 2023 and further to 95.92% by September 2024. Despite these fluctuations, the gross profit margin remained above the 95% mark, reflecting the company's overall strong profitability and efficiency in managing its cost of goods sold.
The slight variations in the gross profit margin may be attributed to changes in commodity prices, operating expenses, or competitive pressures in the industry. Overall, Exxon Mobil Corp's high gross profit margin indicates its ability to generate significant profits from its core business activities and suggests a strong financial position.
Peer comparison
Dec 31, 2024