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CFWFF (Calfrac Well Services) Gross Profit : $115 Mil (TTM As of Sep. 2024)


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What is Calfrac Well Services Gross Profit?

Calfrac Well Services's gross profit for the three months ended in Sep. 2024 was $33 Mil. Calfrac Well Services's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $115 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Calfrac Well Services's gross profit for the three months ended in Sep. 2024 was $33 Mil. Calfrac Well Services's Revenue for the three months ended in Sep. 2024 was $318 Mil. Therefore, Calfrac Well Services's Gross Margin % for the quarter that ended in Sep. 2024 was 10.27%.

Calfrac Well Services had a gross margin of 10.27% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Calfrac Well Services was 14.38%. The lowest was -19.19%. And the median was 2.76%.


Calfrac Well Services Gross Profit Historical Data

The historical data trend for Calfrac Well Services's Gross Profit 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.

Calfrac Well Services Gross Profit Chart

Calfrac Well Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only -29.32 -78.96 -27.61 113.81 199.86

Calfrac Well Services Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 58.60 35.50 10.26 37.07 32.62

Competitive Comparison of Calfrac Well Services's Gross Profit

For the Oil & Gas Equipment & Services subindustry, Calfrac Well Services's Gross Profit, along with its competitors' market caps and Gross Profit 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.


Calfrac Well Services's Gross Profit Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Calfrac Well Services's Gross Profit distribution charts can be found below:

* The bar in red indicates where Calfrac Well Services's Gross Profit falls into.



Calfrac Well Services Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Calfrac Well Services's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=1389.595 - 1189.74
=200

Calfrac Well Services's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )=Revenue - Cost of Goods Sold
=317.517 - 284.894
=33

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $115 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Calfrac Well Services'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 )
=(Revenue - Cost of Goods Sold) / Revenue
=33 / 317.517
=10.27 %

* 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.


Calfrac Well Services  (OTCPK:CFWFF) Gross Profit 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

Calfrac Well Services had a gross margin of 10.27% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage


Calfrac Well Services Gross Profit Related Terms

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Calfrac Well Services Business Description

Traded in Other Exchanges
Address
407 - 8th Avenue SW, Suite 500, Calgary, AB, CAN, T2P 1E5
Calfrac Well Services Ltd provides specialized oilfield services, including hydraulic fracturing, coiled tubing, cementing, and other good completion services to the oil and natural gas industries in Canada, the United States, Russia, and Argentina. It generates maximum revenue from the United States.