GURUFOCUS.COM » STOCK LIST » USA » NYSE » Coterra Energy Inc (NYSE:CTRA) » Definitions » Gross Margin %
Switch to:

Coterra Energy Gross Margin %

: 70.14% (As of Jun. 2022)
View and export this data going back to 1990. Start your Free Trial

Gross Margin % is calculated as gross profit divided by its revenue. Coterra Energy's Gross Profit for the three months ended in Jun. 2022 was $1,804 Mil. Coterra Energy's Revenue for the three months ended in Jun. 2022 was $2,572 Mil. Therefore, Coterra Energy's Gross Margin % for the quarter that ended in Jun. 2022 was 70.14%.


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

CTRA' s Gross Margin % Range Over the Past 10 Years
Min: 1.52   Med: 39.12   Max: 64.08
Current: 64.08


During the past 13 years, the highest Gross Margin % of Coterra Energy was 64.08%. The lowest was 1.52%. And the median was 39.12%.

CTRA's Gross Margin % is ranked better than
83.48% of 926 companies
in the Oil & Gas industry
Industry Median: 27.81 vs CTRA: 64.08

Coterra Energy had a gross margin of 70.14% for the quarter that ended in Jun. 2022 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Coterra Energy was 65.70% per year.


Coterra Energy Gross Margin % Historical Data

The historical data trend for Coterra 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.

* Premium members only.

Coterra Energy Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 33.81 46.62 48.79 29.40 56.16

Coterra Energy Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Gross Margin % 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 Premium Member Only Premium Member Only Premium Member Only 25.62 39.27 66.03 58.73 70.14

Competitive Comparison

For the Oil & Gas E&P subindustry, Coterra 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.

   

Coterra Energy Gross Margin % Distribution

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

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



Coterra Energy Gross Margin % Calculation

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

Coterra Energy's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )=Gross Profit (A: Dec. 2021 ) / Revenue (A: Dec. 2021 )
=1937 / 3449
=(Revenue - Cost of Goods Sold) / Revenue
=(3449 - 1512) / 3449
=56.16 %

Coterra Energy's Gross Margin for the quarter that ended in Jun. 2022 is calculated as


Gross Margin % (Q: Jun. 2022 )=Gross Profit (Q: Jun. 2022 ) / Revenue (Q: Jun. 2022 )
=1804 / 2572
=(Revenue - Cost of Goods Sold) / Revenue
=(2572 - 768) / 2572
=70.14 %

* 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.


Coterra Energy  (NYSE:CTRA) 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

Coterra Energy had a gross margin of 70.14% for the quarter that ended in Jun. 2022 => 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.


Coterra Energy Gross Margin % Related Terms

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


Coterra Energy Business Description

Coterra Energy logo
Address
840 Gessner Road, Suite 1400, Three Memorial City Plaza, Houston, TX, USA, 77024
Coterra is an independent exploration and production company with operations in Appalachia and the Permian Basin. It was formed after the 2021 merger with Cabot and Cimarex. At year-end 2021, Coterra's proved reserves were 2.9 billion barrels of oil equivalent, with net production that year of approximately 431 million barrels of oil equivalent per day (of which 70% was natural gas).
Executives
Hlavinka Gary J. officer: Vice President, (MBU) 840 GESSNER ROAD SUITE 1400 HOUSTON TX 77024
Smith Kevin William officer: VP & Chief Technology Officer 840 GESSNER ROAD SUITE 1400 HOUSTON TX 77024
Deshazer Michael D. officer: VP - Business Units THREE MEMORIAL CITY PLAZA 840 GESSNER ROAD, SUITE 1400 HOUSTON TX 77024
Helmerich Hans director C/O CIIRMAREX ENERGY CO 707 17TH ST. #3300 DENVER CO 80202-3404
Stewart Lisa A director EL PASO CORPORATION 1001 LOUISIANA STREET HOUSTON TX 77002
Bell Stephen P officer: Ex VP C/O CIIRMAREX ENERGY CO 707 17TH ST. #3300 DENVER CO 80202-3404
Vallejo Frances M director 1700 LINCOLN STREET SUITE 3700 DENVER CO 80203
Eckley Paul director 1700 LINCOLN STREET SUITE 3700 DENVER CO 80203
Barron Francis Brian officer: Sr VP - General Counsel 1099 18TH STREET, SUITE 2300 DENVER CO 80202
Jorden Thomas E director, officer: CEO and President C/O CIIRMAREX ENERGY CO 707 17TH ST. #3300 DENVER CO 80202-3404
Clason Christopher officer: SVP and Chief HR Officer 1700 LINCOLN STREET SUITE 3700 DENVER CO 80203
Delaney Peter B director P.O. BOX 321 OKLAHOMA CITY OK 73101
Watts Marcus A director
Brock Amanda M director 840 GESSNER ROAD, SUITE 1400 HOUSTON TX 77024
Lindeman Steven W officer: Sr. Vice Pres, South Reg & Eng 840 GESSNER ROAD, SUITE 1400 HOUSTON TX 77024

Coterra Energy Headlines

Other Sources

Company News for Jan 3, 2022

By Zacks 2022-01-03

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)