Flotek Industries's gross profit for the
three
months ended in Dec. 2023 was $9.4 Mil. Flotek Industries's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $24.3 Mil.
Flotek Industries had a gross margin of 22.35% for the quarter that ended in Dec. 2023 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Flotek Industries was 95.98%. The lowest was -53.96%. And the median was 36.96%.
Flotek Industries Gross Profit Historical Data
The historical data trend for Flotek Industries's Gross Profit 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 Flotek Industries's Gross Profit
For the Oil & Gas Equipment & Services subindustry, Flotek Industries's Gross Profit, along with its competitors' market caps and Gross Profit 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.
Flotek Industries's Gross Profit Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Flotek Industries's Gross Profit distribution charts can be found below:
* The bar in red indicates where Flotek Industries's Gross Profit falls into.
Flotek Industries Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Flotek Industries's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $24.3 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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
Flotek Industries had a gross margin of 22.35% for the quarter that ended in Dec. 2023 => Competition eroding margins
Flotek Industries Gross Profit Related Terms
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Flotek Industries (Flotek Industries) Business Description
Flotek Industries Inc delivers chemistry-based technology solutions for energy, industrial, and consumer applications. It develops and supplies chemistry and services to the oil and gas industries, and high-value compounds to companies that make food and beverages, cleaning products, cosmetics, and others. The company operates in the Chemistry Technologies segment which designs, develops, manufactures, packages, and markets chemistries that market specialty chemicals. Its Data Analytics segment enables users to maximize the value of their hydrocarbon-associated processes by providing analytics associated with the streams in seconds rather than minutes or days.
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