NFX has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
NFX has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Gross Margin % is calculated as gross profit divided by its revenue. Newfield Exploration Co's Gross Profit for the three months ended in Sep. 2018 was $417 Mil. Newfield Exploration Co's Revenue for the three months ended in Sep. 2018 was $711 Mil. Therefore, Newfield Exploration Co's Gross Margin % for the quarter that ended in Sep. 2018 was 58.65%.
The historical rank and industry rank for Newfield Exploration Co's Gross Margin % or its related term are showing as below:
Newfield Exploration Co had a gross margin of 58.65% for the quarter that ended in Sep. 2018 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Newfield Exploration Co was 0.00% per year.
The historical data trend for Newfield Exploration Co'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.
Newfield Exploration Co Annual Data | |||||||||||||||||||||
Trend | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | |||||||||||
Gross Margin % | Get a 7-Day Free Trial | 58.92 | 49.52 | 24.53 | 39.81 | 52.97 |
Newfield Exploration Co Quarterly Data | ||||||||||||||||||||
Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | |
Gross Margin % | Get a 7-Day Free Trial | 49.89 | 55.80 | 59.48 | 61.56 | 58.65 |
For the Oil & Gas E&P subindustry, Newfield Exploration Co'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.
For the Oil & Gas industry and Energy sector, Newfield Exploration Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Newfield Exploration Co's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Newfield Exploration Co's Gross Margin for the fiscal year that ended in Dec. 2017 is calculated as
Gross Margin % (A: Dec. 2017 ) | = | Gross Profit (A: Dec. 2017 ) | / | Revenue (A: Dec. 2017 ) |
= | 936 | / | 1767 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (1767 - 831) | / | 1767 | |
= | 52.97 % |
Newfield Exploration Co's Gross Margin for the quarter that ended in Sep. 2018 is calculated as
Gross Margin % (Q: Sep. 2018 ) | = | Gross Profit (Q: Sep. 2018 ) | / | Revenue (Q: Sep. 2018 ) |
= | 417 | / | 711 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (711 - 294) | / | 711 | |
= | 58.65 % |
* 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.
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.
Newfield Exploration Co (NYSE:NFX) 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
Newfield Exploration Co had a gross margin of 58.65% for the quarter that ended in Sep. 2018 => 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.
Thank you for viewing the detailed overview of Newfield Exploration Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Roger B Plank | director | |
James Kent Wells | director | 1700 LINCOLN STREET, SUITE 2800, DENVER CO 80203-4535 |
Steven W Nance | director | 130 EAST RANDOLPH DRIVE, CHICAGO IL 60601 |
Giesinger Edgar R. Jr. | director | 1915 SANDGATE FALLS, HOUSTON TX 77062 |
J Terry Strange | director | 700 LOUISIANA STREET, SUITE 3000, HOUSTON TX 77002 |
Thomas G Ricks | director | H&S VENTURES LLC, 2101 EAST COAST HWY - 3RD FLOOR, CORONA DEL MAR CA 92625 |
Timothy D. Yang | officer: General Counsel and Secretary | 1415 LOUISIANA STREET, SUITE 1600, HOUSTON TX 77002 |
Valerie A Mitchell | officer: VP-Mid-Continent | 4 WATERWAY SQUARE PLACE, SUITE 100, THE WOODLANDS TX 77380 |
Kemp John Randolph Iii | director | 3106 NOBLE LAKES LANE, HOUSTON TX 77082-6809 |
Clay M Gaspar | officer: VP-Mid-Continent | 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102 |
Terry W Rathert | officer: EVP and Senior Advisor | 4 WATERWAY SQUARE PLACE, SUITE 100, THE WOODLANDS TX 77380 |
Richard K Stoneburner | director | |
Howard H Newman | director | C/O PINE BROOK ROAD PARTNERS, LLC, 60 EAST 42ND STREET, SUITE 3014, NEW YORK NY 10165 |
Joseph H Netherland | director | 35 ELECTRA CIRCLE, THE WOODLANDS TX 77382 |
J M Lacey | director | 1726 FORREST PARKWAY, DENVER CO 80220 |
From GuruFocus
By Holly LaFon Holly LaFon • 03-16-2017
By PRNewswire PRNewswire • 03-26-2018
By PRNewswire PRNewswire • 11-12-2018
By GuruFocus Research GuruFocus Editor • 09-16-2009
By PRNewswire PRNewswire • 11-07-2018
By PRNewswire PRNewswire • 09-12-2018
By Marketwired Marketwired • 10-05-2018
By PRNewswire PRNewswire • 06-20-2018
By GuruFocus Research GuruFocus Editor • 03-11-2010
By GuruFocus Research GuruFocus Editor • 08-11-2010
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.