Contango Oil & Gas Co (Contango Oil & Gas Co) Gross Margin % : 46.01% (As of Sep. 2021)

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What is Contango Oil & Gas Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Contango Oil & Gas Co's Gross Profit for the three months ended in Sep. 2021 was $46.0 Mil. Contango Oil & Gas Co's Revenue for the three months ended in Sep. 2021 was $99.9 Mil. Therefore, Contango Oil & Gas Co's Gross Margin % for the quarter that ended in Sep. 2021 was 46.01%.

The historical rank and industry rank for Contango Oil & Gas Co's Gross Margin % or its related term are showing as below:

MCF's Gross Margin % is not ranked ^*
in the Oil & Gas industry.
Industry Median: 27.82
* Ranked among companies with meaningful Gross Margin % only.

Contango Oil & Gas Co had a gross margin of 46.01% for the quarter that ended in Sep. 2021 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Contango Oil & Gas Co was 0.00% per year.

Contango Oil & Gas Co Gross Margin % Historical Data

The historical data trend for Contango Oil & Gas 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.

* Premium members only.

Contango Oil & Gas Co Gross Margin % Chart

Contango Oil & Gas Co Annual Data

Trend

Jun11

Jun12

Jun13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Gross Margin %

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19.01

5.28

12.81

4.57

8.89

Contango Oil & Gas Co Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Gross Margin %	Get a 7-Day Free Trial															33.74	-2.51	39.40	43.20	46.01

Competitive Comparison of Contango Oil & Gas Co's Gross Margin %

For the Oil & Gas E&P subindustry, Contango Oil & Gas 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.

Contango Oil & Gas Co's Gross Margin % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Contango Oil & Gas Co's Gross Margin % falls into.

Contango Oil & Gas Co Gross Margin % Calculation

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

Contango Oil & Gas Co's Gross Margin for the fiscal year that ended in Dec. 2020 is calculated as

Gross Margin % (A: Dec. 2020 )	=	Gross Profit (A: Dec. 2020 )	/	Revenue (A: Dec. 2020 )
	=	10	/	112.92
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(112.92 - 102.879)	/	112.92
	=	8.89 %

Contango Oil & Gas Co's Gross Margin for the quarter that ended in Sep. 2021 is calculated as

Gross Margin % (Q: Sep. 2021 )	=	Gross Profit (Q: Sep. 2021 )	/	Revenue (Q: Sep. 2021 )
	=	46	/	99.927
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(99.927 - 53.952)	/	99.927
	=	46.01 %

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.

Contango Oil & Gas Co (AMEX:MCF) 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

Contango Oil & Gas Co had a gross margin of 46.01% 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.

Contango Oil & Gas Co Gross Margin % Related Terms

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Contango Oil & Gas Co (Contango Oil & Gas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Contango Oil & Gas Co (AMEX:MCF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 E. 5th Street, Suite 300, Fort Worth, TX, USA, 76102

Website

https://www.contango.com

Contango Oil & Gas Co is an independent oil and natural gas company. It is engaged in the exploration, development, exploitation, and acquisition of crude oil and natural gas properties in the onshore Texas Gulf Coast, offshore properties in the shallow waters of the Gulf of Mexico, and other regions.

Executives

Chad B Roller	officer: SVP-Chief Operating Officer	2431 E 61ST STREET SUITE 850 TULSA OK 74136
E Joseph Grady	officer: SVP and CFO	C/O CONTANGO OIL & GAS COMPANY 717 TEXAS AVENUE, SUITE 2900 HOUSTON TX 77002
Michael J Autin	officer: Vice President Operations	717 TEXAS AVENUE SUITE 2900 HOUSTON TX 77002
Bulent Ayhan Berilgen	director	50 WEST SAN FERNANDO ST SAN JOSE CA 95113
Joseph J Romano	director	3700 BUFFALO SPEEDWAY SUITE 960 HOUSTON TX 77098
Janet W Pasque	director	1675 BROADWAY SUITE 1950 DENVER CO 80202
Will Farley Dakan	officer: President	500 COMMERCE ST. SUITE 700 FORT WORTH TX 76102
Mclawhorn Charles L Iii	officer: SVP/General Counsel/Corp Sec	2501 NORTH HARWOOD DALLAS TX 75201
Ellis L Mccain	director	C/O CONTANGO OIL & GAS COMPANY, 717 TEXAS AVENUE, SUITE 2900, HOUSTON TX 77002
Karen Jo Simon	director	1918 OLIVE STREET, #2904, DALLAS TX 75201
Dws Growth Capital Lp	10 percent owner	11 GREENWAY PLAZA, SUITE 3100 HOUSTON TX 77046
Douglas W Schnitzer	10 percent owner
Kkr Group Assets Iii Gp Llc	10 percent owner	30 HUDSON YARDS, NEW YORK NY 10001
George R Roberts	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 2800 SAND HILL ROAD, MENLO PARK CA 94025
Independence Energy Aggregator Gp Llc	10 percent owner	600 TRAVIS STREEET, SUITE 7200, HOUSTON TX 77002