Golar LNG (Golar LNG) Gross Margin %

: 53.43% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Golar LNG's Gross Profit for the three months ended in Dec. 2023 was $42.6 Mil. Golar LNG's Revenue for the three months ended in Dec. 2023 was $79.7 Mil. Therefore, Golar LNG's Gross Margin % for the quarter that ended in Dec. 2023 was 53.43%.

The historical rank and industry rank for Golar LNG's Gross Margin % or its related term are showing as below:

GLNG' s Gross Margin % Range Over the Past 10 Years
Min: -116.43 Med: 35.15 Max: 56.11
Current: 51.87

During the past 13 years, the highest Gross Margin % of Golar LNG was 56.11%. The lowest was -116.43%. And the median was 35.15%.

GLNG's Gross Margin % is ranked better than
77.71% of 924 companies
in the Oil & Gas industry
Industry Median: 27.905 vs GLNG: 51.87

Golar LNG had a gross margin of 53.43% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Golar LNG was 10.20% per year.

Golar LNG Gross Margin % Historical Data

The historical data trend for Golar LNG's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Golar LNG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

39.13

56.11

53.74

52.58

51.87

Golar LNG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %																46.59	57.57	51.78	43.87	53.43

Competitive Comparison

For the Oil & Gas Midstream subindustry, Golar LNG's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Golar LNG Gross Margin % Distribution

For the Oil & Gas industry and Energy sector, Golar LNG's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Golar LNG's Gross Margin % falls into.

Golar LNG Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Golar LNG's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	154.8	/	298.429
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(298.429 - 143.626)	/	298.429
	=	51.87 %

Golar LNG's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	42.6	/	79.679
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(79.679 - 37.107)	/	79.679
	=	53.43 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Golar LNG (NAS:GLNG) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Golar LNG had a gross margin of 53.43% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Golar LNG Gross Margin % Related Terms

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Golar LNG (Golar LNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Golar LNG Ltd (NAS:GLNG) » Definitions » Gross Margin %

Comparable Companies

INSW KNTK HESM NS TNK DHT VNOM LPG GLP PAGP TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

GLNG:Mexico G2O:Germany G20:Germany G2O:Germany

Address

9 Par-la-Ville Road, 2nd Floor, S.E. Pearman Building, Hamilton, BMU, HM 11

Website

https://www.golarlng.com

Golar LNG Ltd is a midstream LNG company operates in the transportation, regasification, liquefaction, and trading of LNG. The segment in which the group operates includes Shipping, FLNG (Floating Liquefaction Natural Gas vessels), Power, and Corporate and other. It generates maximum revenue from the FLNG segment.