MCF has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
MCF has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Gross Margin % is calculated as gross profit divided by its revenue. Contango Oil & Gas Co's Gross Profit for the three months ended in Sep. 2021 was $46.0 Mil. Contango Oil & Gas Co's Revenue for the three months ended in Sep. 2021 was $99.9 Mil. Therefore, Contango Oil & Gas Co's Gross Margin % for the quarter that ended in Sep. 2021 was 46.01%.
The historical rank and industry rank for Contango Oil & Gas Co's Gross Margin % or its related term are showing as below:
Contango Oil & Gas Co had a gross margin of 46.01% for the quarter that ended in Sep. 2021 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Contango Oil & Gas Co was 0.00% per year.
The historical data trend for Contango Oil & Gas Co'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.
Contango Oil & Gas Co Annual Data | |||||||||||||||||||||
Trend | Jun11 | Jun12 | Jun13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Gross Margin % | Get a 7-Day Free Trial | 19.01 | 5.28 | 12.81 | 4.57 | 8.89 |
Contango Oil & Gas Co 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 | 33.74 | -2.51 | 39.40 | 43.20 | 46.01 |
For the Oil & Gas E&P subindustry, Contango Oil & Gas Co'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, Contango Oil & Gas Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Contango Oil & Gas Co's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Contango Oil & Gas Co'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 ) |
= | 10 | / | 112.92 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (112.92 - 102.879) | / | 112.92 | |
= | 8.89 % |
Contango Oil & Gas Co'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 ) |
= | 46 | / | 99.927 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (99.927 - 53.952) | / | 99.927 | |
= | 46.01 % |
* 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.
Contango Oil & Gas Co (AMEX:MCF) 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
Contango Oil & Gas Co had a gross margin of 46.01% 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.
Thank you for viewing the detailed overview of Contango Oil & Gas Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Chad B Roller | officer: SVP-Chief Operating Officer | 2431 E 61ST STREET SUITE 850 TULSA OK 74136 |
E Joseph Grady | officer: SVP and CFO | C/O CONTANGO OIL & GAS COMPANY 717 TEXAS AVENUE, SUITE 2900 HOUSTON TX 77002 |
Michael J Autin | officer: Vice President Operations | 717 TEXAS AVENUE SUITE 2900 HOUSTON TX 77002 |
Bulent Ayhan Berilgen | director | 50 WEST SAN FERNANDO ST SAN JOSE CA 95113 |
Joseph J Romano | director | 3700 BUFFALO SPEEDWAY SUITE 960 HOUSTON TX 77098 |
Janet W Pasque | director | 1675 BROADWAY SUITE 1950 DENVER CO 80202 |
Will Farley Dakan | officer: President | 500 COMMERCE ST. SUITE 700 FORT WORTH TX 76102 |
Mclawhorn Charles L Iii | officer: SVP/General Counsel/Corp Sec | 2501 NORTH HARWOOD DALLAS TX 75201 |
Ellis L Mccain | director | C/O CONTANGO OIL & GAS COMPANY, 717 TEXAS AVENUE, SUITE 2900, HOUSTON TX 77002 |
Karen Jo Simon | director | 1918 OLIVE STREET, #2904, DALLAS TX 75201 |
Dws Growth Capital Lp | 10 percent owner | 11 GREENWAY PLAZA, SUITE 3100 HOUSTON TX 77046 |
Douglas W Schnitzer | 10 percent owner | |
Kkr Group Assets Iii Gp Llc | 10 percent owner | 30 HUDSON YARDS, NEW YORK NY 10001 |
George R Roberts | 10 percent owner | C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 2800 SAND HILL ROAD, MENLO PARK CA 94025 |
Independence Energy Aggregator Gp Llc | 10 percent owner | 600 TRAVIS STREEET, SUITE 7200, HOUSTON TX 77002 |
From GuruFocus
By Marketwired Marketwired • 06-22-2021
By Sydnee Gatewood Sydnee Gatewood • 07-12-2018
By PRNewswire PRNewswire • 07-07-2021
By Julie Young Julie Young • 08-11-2015
By Holly LaFon Holly LaFon • 04-21-2016
By PRNewswire PRNewswire • 07-20-2021
By Holly LaFon Holly LaFon • 10-21-2016
By PRNewswire PRNewswire • 10-27-2020
By Marketwired Marketwired • 11-15-2018
By PRNewswire PRNewswire • 07-14-2021
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.