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Gross Margin % is calculated as gross profit divided by its revenue. Oil States International's Gross Profit for the three months ended in Sep. 2024 was $24.1 Mil. Oil States International's Revenue for the three months ended in Sep. 2024 was $174.3 Mil. Therefore, Oil States International's Gross Margin % for the quarter that ended in Sep. 2024 was 13.84%.
The historical rank and industry rank for Oil States International's Gross Margin % or its related term are showing as below:
During the past 13 years, the highest Gross Margin % of Oil States International was 26.87%. The lowest was -3.49%. And the median was 10.48%.
Oil States International had a gross margin of 13.84% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Oil States International was 0.00% per year.
The historical data trend for Oil States International'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.
Oil States International Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Margin % | Get a 7-Day Free Trial | 8.99 | -3.49 | 3.84 | 12.45 | 14.65 |
Oil States International Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Gross Margin % | Get a 7-Day Free Trial | 14.64 | 14.41 | 12.62 | 15.91 | 13.84 |
For the Oil & Gas Equipment & Services subindustry, Oil States International'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, Oil States International's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Oil States International's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Oil States International'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 ) |
= | 114.6 | / | 782.283 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (782.283 - 667.666) | / | 782.283 | |
= | 14.65 % |
Oil States International's Gross Margin for the quarter that ended in Sep. 2024 is calculated as
Gross Margin % (Q: Sep. 2024 ) | = | Gross Profit (Q: Sep. 2024 ) | / | Revenue (Q: Sep. 2024 ) |
= | 24.1 | / | 174.348 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (174.348 - 150.224) | / | 174.348 | |
= | 13.84 % |
* 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.
Oil States International (NYSE:OIS) 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
Oil States International had a gross margin of 13.84% for the quarter that ended in Sep. 2024 => No sustainable 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 Oil States International's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Philip Scott Moses | officer: Executive VP,Offshore Products | 333 CLAY STREET, SUITE 4620, HOUSTON TX 77002 |
Denise Castillo-rhodes | director | 8847 W. SAM HOUSTON PKWY. NORTH, SUITE 200, HOUSTON TX 77040 |
Christopher E Cragg | officer: Vice President Tubular Service | |
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Cindy B Taylor | officer: SVP and CFO | |
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Lias Jeff Steen | officer: Vice President, HR & Legal | 333 CLAY STREET, SUITE 4620, HOUSTON TX 77002 |
Van Kleef William T | director | |
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E Joseph Wright | director | 550 WEST TEXAS AVENUE, SUITE 1300, MIDLAND TX 79701 |
Robert L Potter | director | |
Lawrence R Dickerson | director | 15415 KATY FREEWAY STE 100, HOUSTON TX 77094 |
B.v. Geodynamics | 10 percent owner | C/O LIME ROCK MANAGEMENT, 274 RIVERSIDE AVENUE, SUITE 3, WESTPORT CT 06880 |
Lloyd A Hajdik | officer: Executive VP, CFO & Treasurer | 333 CLAY STREET, SUITE 4620, HOUSTON TX 77002 |
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