The historical rank and industry rank for Goodrich Petroleum's Gross Margin % or its related term are showing as below:
GDPCW'
s Gross Margin % Range Over the Past 10 Years
Min: -34.14 Med: 13.91 Max: 48.03
Current: 48.03
During the past 13 years, the highestGross Margin % of Goodrich Petroleum was 48.03%. The lowest was -34.14%. And the median was 13.91%.
GDPCW's Gross Margin % is not ranked
in the Oil & Gas industry.
Industry Median: 27.535
vs GDPCW: 48.03
Goodrich Petroleum had a gross margin of 61.23% for the quarter that ended in Sep. 2021 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Goodrich Petroleum was 0.00% per year.
Goodrich Petroleum Gross Margin % Historical Data
The historical data trend for Goodrich Petroleum'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 Goodrich Petroleum's Gross Margin %
For the Oil & Gas E&P subindustry, Goodrich Petroleum'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.
Goodrich Petroleum's Gross Margin % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Goodrich Petroleum's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Goodrich Petroleum'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
Goodrich Petroleum had a gross margin of 61.23% for the quarter that ended in Sep. 2021 => 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.
Goodrich Petroleum Gross Margin % Related Terms
Thank you for viewing the detailed overview of Goodrich Petroleum's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Goodrich Petroleum Corp is an independent oil and gas producer in the United States. The company operates in the Tuscaloosa Marine Shale region, with minor operations in the Eagle Ford and Haynesville shales. The vast majority of exploitation and development efforts on natural gas are carried out in the core of the Haynesville Shale in North Louisiana.
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