Goodrich Petroleum (Goodrich Petroleum) Gross Margin % : 61.23% (As of Sep. 2021)

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What is Goodrich Petroleum Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Goodrich Petroleum's Gross Profit for the three months ended in Sep. 2021 was $35.97 Mil. Goodrich Petroleum's Revenue for the three months ended in Sep. 2021 was $58.73 Mil. Therefore, Goodrich Petroleum's Gross Margin % for the quarter that ended in Sep. 2021 was 61.23%.

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

GDPAQ.PFD' s Gross Margin % Range Over the Past 10 Years
Min: -34.14 Med: 13.91 Max: 42.15
Current: 48.03

During the past 13 years, the highest Gross Margin % of Goodrich Petroleum was 42.15%. The lowest was -34.14%. And the median was 13.91%.

GDPAQ.PFD's Gross Margin % is not ranked
in the Oil & Gas industry.
Industry Median: 28 vs GDPAQ.PFD: 48.03

Goodrich Petroleum had a gross margin of 61.23% for the quarter that ended in Sep. 2021 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Goodrich Petroleum was 0.00% per year.

Goodrich Petroleum Gross Margin % Historical Data

The historical data trend for Goodrich Petroleum'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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Goodrich Petroleum Gross Margin % Chart

Goodrich Petroleum Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Gross Margin %

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15.14

31.41

42.15

27.02

13.23

Goodrich Petroleum 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															15.69	32.20	43.87	43.17	61.23

Competitive Comparison of Goodrich Petroleum's Gross Margin %

For the Oil & Gas E&P subindustry, Goodrich Petroleum'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.

Goodrich Petroleum's Gross Margin % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Goodrich Petroleum's Gross Margin % falls into.

Goodrich Petroleum Gross Margin % Calculation

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

Goodrich Petroleum'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 )
	=	12.4	/	93.826
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(93.826 - 81.41)	/	93.826
	=	13.23 %

Goodrich Petroleum'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 )
	=	36	/	58.733
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(58.733 - 22.768)	/	58.733
	=	61.23 %

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.

Goodrich Petroleum (GREY:GDPAQ.PFD) 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

Goodrich Petroleum had a gross margin of 61.23% 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.

Goodrich Petroleum Gross Margin % Related Terms

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Goodrich Petroleum (Goodrich Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Goodrich Petroleum Corp (GREY:GDPAQ.PFD) » Definitions » Gross Margin %

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Traded in Other Exchanges

N/A

Address

801 Louisiana Street, Suite 700, Houston, TX, USA, 77002

Website

http://www.goodrichpetroleum.com

Goodrich Petroleum Corp is an independent oil and gas producer in the United States. The company operates in the Tuscaloosa Marine Shale region, with minor operations in the Eagle Ford and Haynesville shales. The vast majority of exploitation and development efforts on natural gas are carried out in the core of the Haynesville Shale in North Louisiana.