The historical rank and industry rank for Greenfire Resources's Gross Margin % or its related term are showing as below:
GFR'
s Gross Margin % Range Over the Past 10 Years
Min: 41.34 Med: 51.33 Max: 51.51
Current: 44.93
During the past 4 years, the highestGross Margin % of Greenfire Resources was 51.51%. The lowest was 41.34%. And the median was 51.33%.
GFR's Gross Margin % is ranked better than 70.98% of 927
companies
in the Oil & Gas industry
Industry Median: 28
vs GFR: 44.93
Greenfire Resources had a gross margin of 42.29% for the quarter that ended in Mar. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Greenfire Resources was 0.00% per year.
Greenfire Resources Gross Margin % Historical Data
The historical data trend for Greenfire Resources'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.
Competitive Comparison of Greenfire Resources's Gross Margin %
For the Oil & Gas E&P subindustry, Greenfire Resources'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.
Greenfire Resources's Gross Margin % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Greenfire Resources's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Greenfire Resources's Gross Margin % falls into.
* 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.
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
Greenfire Resources had a gross margin of 42.29% for the quarter that ended in Mar. 2024 => 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.
Greenfire Resources Gross Margin % Related Terms
Thank you for viewing the detailed overview of Greenfire Resources's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Greenfire Resources (Greenfire Resources) Business Description
Greenfire Resources Ltd explores, acquires, develops and produces oil and gas in the Canadian energy sector and internationally. Greenfire currently has two producing oil sand assets, Hangingstone Expansion and Hangingstone Demo.
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