CSI Compressco LP (CSI Compressco LP) Gross Margin % : 27.70% (As of Dec. 2023)

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What is CSI Compressco LP Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. CSI Compressco LP's Gross Profit for the three months ended in Dec. 2023 was $27.2 Mil. CSI Compressco LP's Revenue for the three months ended in Dec. 2023 was $98.3 Mil. Therefore, CSI Compressco LP's Gross Margin % for the quarter that ended in Dec. 2023 was 27.70%.

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

CCLP' s Gross Margin % Range Over the Past 10 Years
Min: 11.14 Med: 18.71 Max: 25.45
Current: 25.45

During the past 13 years, the highest Gross Margin % of CSI Compressco LP was 25.45%. The lowest was 11.14%. And the median was 18.71%.

CCLP's Gross Margin % is not ranked
in the Oil & Gas industry.
Industry Median: 27.905 vs CCLP: 25.45

CSI Compressco LP had a gross margin of 27.70% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for CSI Compressco LP was 8.50% per year.

CSI Compressco LP Gross Margin % Historical Data

The historical data trend for CSI Compressco LP'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.

CSI Compressco LP Gross Margin % Chart

CSI Compressco LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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20.37

15.70

18.82

21.96

25.45

CSI Compressco LP 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															21.74	22.67	25.00	26.21	27.70

Competitive Comparison of CSI Compressco LP's Gross Margin %

For the Oil & Gas Equipment & Services subindustry, CSI Compressco LP'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.

CSI Compressco LP's Gross Margin % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where CSI Compressco LP's Gross Margin % falls into.

CSI Compressco LP Gross Margin % Calculation

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

CSI Compressco LP'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 )
	=	98.3	/	386.128
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(386.128 - 287.865)	/	386.128
	=	25.45 %

CSI Compressco LP'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 )
	=	27.2	/	98.271
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(98.271 - 71.053)	/	98.271
	=	27.70 %

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.

CSI Compressco LP (NAS:CCLP) 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

CSI Compressco LP had a gross margin of 27.70% for the quarter that ended in Dec. 2023 => Competition eroding margins

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.

CSI Compressco LP Gross Margin % Related Terms

Thank you for viewing the detailed overview of CSI Compressco LP's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

CSI Compressco LP (CSI Compressco LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CSI Compressco LP (NAS:CCLP) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1735 Hughes Landing Boulevard, Suite 200, The Woodlands, TX, USA, 77380

Website

https://www.csicompressco.com

CSI Compressco LP is a limited partnership operating in the U.S. The company is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. It sells standard and custom-designed compressor packages and oil field fluid pump systems and provides aftermarket services and compressor package parts and components manufactured by third-party suppliers. In addition, the company provides compression services and equipment to natural gas and oil exploration and production, midstream, and transmission companies. The majority of the company's revenue comes from the United States.

Executives

James R Larson	director	CSI COMPRESSCO LP, 1735 HUGHES LANDING BLVD STE 200, THE WOODLANDS TX 77380
Joseph P. Mcelroy	director	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
John Earl Jackson	director, officer: Chief Executive Officer	12001 NORTH HOUSTON ROSSLYN, HOUSTON TX 77086
Michael James Tucker	director	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
Jonathan W. Byers	director, officer: Chief Financial Officer	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Riplee L Parkening	officer: Controller	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
Rodney P Pruski	officer: Vice President of Operations	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
Stephen R. Gill	director	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Spartan Energy Partners Gp Llc	10 percent owner	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Spartan Energy Partners Lp	10 percent owner	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Derek J Anchondo	officer: Assistant General Counsel	1735 HUGHES LANDING BLVD STE 200, THE WOODLANDS TX 77380
Robert Wesley Price	director, officer: Chief Operating Officer	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Denise Essenberg	director	1735 HUGHES LANDING BLVD STE 200, THE WOODLANDS TX 77380
Ted A Gardner	director	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Spartan Energy Holdco Llc	10 percent owner	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380