The historical rank and industry rank for EON Resources's Gross Margin % or its related term are showing as below:
EONR'
s Gross Margin % Range Over the Past 10 Years
Min: 82.18 Med: 87.32 Max: 87.32
Current: 82.18
During the past 4 years, the highestGross Margin % of EON Resources was 87.32%. The lowest was 82.18%. And the median was 87.32%.
EONR's Gross Margin % is ranked better than 95.48% of 884
companies
in the Oil & Gas industry
Industry Median: 28.41
vs EONR: 82.18
EON Resources had a gross margin of 81.75% for the quarter that ended in Sep. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for EON Resources was 0.00% per year.
EON Resources Gross Margin % Historical Data
The historical data trend for EON Resources'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.
Competitive Comparison of EON Resources's Gross Margin %
For the Oil & Gas E&P subindustry, EON Resources'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.
EON Resources's Gross Margin % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, EON Resources's Gross Margin % distribution charts can be found below:
* The bar in red indicates where EON Resources's Gross Margin % falls into.
* 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.
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
EON Resources had a gross margin of 81.75% for the quarter that ended in Sep. 2024 => 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.
EON Resources Gross Margin % Related Terms
Thank you for viewing the detailed overview of EON Resources's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
EON Resources Inc is an independent upstream energy company focused on maximizing total returns to its shareholders through the development of onshore oil and natural gas properties in the United States. Its current focus is as an upstream energy company producing oil and gas properties in the Permian Basin.
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