Granite Ridge Resources Inc (GRNT)
6.55
-0.10
(-1.50%)
USD |
NYSE |
May 31, 16:00
6.56
+0.01
(+0.15%)
After-Hours: 20:00
Granite Ridge Resources Gross Profit Margin (Quarterly): 30.14% for March 31, 2024
Gross Profit Margin (Quarterly) Chart
Historical Gross Profit Margin (Quarterly) Data
| Date | Value |
|---|---|
| March 31, 2024 | 30.14% |
| December 31, 2023 | 33.63% |
| September 30, 2023 | 36.36% |
| June 30, 2023 | 36.41% |
| March 31, 2023 | 41.58% |
| December 31, 2022 | 60.52% |
| Date | Value |
|---|---|
| September 30, 2022 | 58.55% |
| June 30, 2022 | 67.63% |
| March 31, 2022 | 68.34% |
| June 30, 2021 | 56.77% |
| March 31, 2021 | 34.77% |
Gross Profit Margin Definition
Gross Profit Margin is calculated using Gross Profit/Revenue. This metric measures the overall efficiency of a company in being able to turn revenue into gross profit and doing this by keeping cost of goods sold low. An analyst looking at gross profit margin might look for a higher gross profit margin relative to other comparable companies as well as a gross profit margin that is growing.
Gross Profit Margin (Quarterly) Range, Past 5 Years
30.14%
Minimum
Mar 2024
68.34%
Maximum
Mar 2022
47.70%
Average
41.58%
Median
Mar 2023
Gross Profit Margin (Quarterly) Benchmarks
| APA Corp | 47.98% |
| SilverBow Resources Inc | 50.40% |
| SM Energy Co | 45.75% |
| SandRidge Energy Inc | 38.77% |
| Amplify Energy Corp | 32.77% |
Gross Profit Margin (Quarterly) Related Metrics
| Return on Equity | 9.18% |
| Return on Assets | 6.65% |
| Return on Invested Capital | 8.16% |
| Profit Margin (Quarterly) | 18.23% |
| Operating Margin (Quarterly) | 22.85% |
| Return on Net Operating Assets | 6.97% |