NuVista Energy (TSX:NVA) Gross Margin % : 69.04% (As of Dec. 2023)

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What is NuVista Energy Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. NuVista Energy's Gross Profit for the three months ended in Dec. 2023 was C$252 Mil. NuVista Energy's Revenue for the three months ended in Dec. 2023 was C$365 Mil. Therefore, NuVista Energy's Gross Margin % for the quarter that ended in Dec. 2023 was 69.04%.

The historical rank and industry rank for NuVista Energy's Gross Margin % or its related term are showing as below:

TSX:NVA' s Gross Margin % Range Over the Past 10 Years
Min: -10.26 Med: 60.27 Max: 92.55
Current: 72.13

During the past 13 years, the highest Gross Margin % of NuVista Energy was 92.55%. The lowest was -10.26%. And the median was 60.27%.

TSX:NVA's Gross Margin % is ranked better than
90.5% of 926 companies
in the Oil & Gas industry
Industry Median: 27.845 vs TSX:NVA: 72.13

NuVista Energy had a gross margin of 69.04% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for NuVista Energy was 9.50% per year.

NuVista Energy Gross Margin % Historical Data

The historical data trend for NuVista Energy'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.

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NuVista Energy Gross Margin % Chart

NuVista Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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57.79

11.39

92.55

76.53

72.13

NuVista Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															74.45	71.02	72.06	76.50	69.04

Competitive Comparison of NuVista Energy's Gross Margin %

For the Oil & Gas E&P subindustry, NuVista Energy'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.

NuVista Energy's Gross Margin % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where NuVista Energy's Gross Margin % falls into.

NuVista Energy Gross Margin % Calculation

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

NuVista Energy'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 )
	=	1008.4	/	1398.097
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1398.097 - 389.694)	/	1398.097
	=	72.13 %

NuVista Energy's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	252.3	/	365.497
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(365.497 - 113.155)	/	365.497
	=	69.04 %

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.

NuVista Energy (TSX:NVA) 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

NuVista Energy had a gross margin of 69.04% for the quarter that ended in Dec. 2023 => 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.

NuVista Energy Gross Margin % Related Terms

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NuVista Energy (TSX:NVA) Business Description

Industry

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NUVSF:USA

Address

525 - 8th Avenue South West, Suite 2500, Calgary, AB, CAN, T2P 1G1

Website

https://nvaenergy.com

NuVista Energy Ltd engages in the exploration, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin. Products sold include natural gas, condensate & oil, butane, propane, and ethane, with condensate composing nearly half of all sales. Condensate finds significant use in the heavy oil business when applied to heavy oil bitumen. It creates the viscosity needed for pipeline transportation. The Wapiti Montney area delivers the largest portion of hydrocarbon production for NuVista. To better service assets and production in this area, the firm operates compressor and dehydration stations.

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