GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Crescent Energy Co (NYSE:CRGY) » Definitions » Gross Margin %

Crescent Energy Co (Crescent Energy Co) Gross Margin % : 80.12% (As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Crescent Energy Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Crescent Energy Co's Gross Profit for the three months ended in Mar. 2024 was $527 Mil. Crescent Energy Co's Revenue for the three months ended in Mar. 2024 was $657 Mil. Therefore, Crescent Energy Co's Gross Margin % for the quarter that ended in Mar. 2024 was 80.12%.


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

CRGY' s Gross Margin % Range Over the Past 10 Years
Min: 73.19   Med: 79.34   Max: 85.65
Current: 79.79


During the past 6 years, the highest Gross Margin % of Crescent Energy Co was 85.65%. The lowest was 73.19%. And the median was 79.34%.

CRGY's Gross Margin % is ranked better than
94.29% of 929 companies
in the Oil & Gas industry
Industry Median: 28 vs CRGY: 79.79

Crescent Energy Co had a gross margin of 80.12% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Crescent Energy Co was 1.30% per year.


Crescent Energy Co Gross Margin % Historical Data

The historical data trend for Crescent Energy 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.

* Premium members only.

Crescent Energy Co Gross Margin % Chart

Crescent Energy Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial 76.54 73.19 83.51 85.65 79.21

Crescent Energy Co Quarterly Data
Dec18 Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Margin % Get a 7-Day Free Trial 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 77.81 77.04 81.20 80.15 80.12

Competitive Comparison of Crescent Energy Co's Gross Margin %

For the Oil & Gas E&P subindustry, Crescent Energy 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.


Crescent Energy Co's Gross Margin % Distribution in the Oil & Gas Industry

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

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



Crescent Energy Co Gross Margin % Calculation

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

Crescent Energy Co's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=1887.2 / 2382.602
=(Revenue - Cost of Goods Sold) / Revenue
=(2382.602 - 495.38) / 2382.602
=79.21 %

Crescent Energy Co's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=526.8 / 657.473
=(Revenue - Cost of Goods Sold) / Revenue
=(657.473 - 130.688) / 657.473
=80.12 %

* 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.


Crescent Energy Co  (NYSE:CRGY) 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

Crescent Energy Co had a gross margin of 80.12% 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.


Crescent Energy Co Gross Margin % Related Terms

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


Crescent Energy Co (Crescent Energy Co) Business Description

Traded in Other Exchanges
N/A
Address
600 Travis Street, Suite 7200, Houston, TX, USA, 77002
Crescent Energy Co an independent energy company with a portfolio of assets in key basins across the lower 48 states. The company maintains a diverse portfolio of assets in key proven basins across the United States, including the Eagle Ford, Rockies, Barnett, Permian, and Mid-Con. It seeks to deliver attractive risk-adjusted investment returns and predictable cash flows across cycles with a focus on operated oil and gas assets complemented by non?operated assets, mineral and royalty interests, and midstream infrastructure.
Executives
David C. Rockecharlie director, officer: Chief Executive Officer 600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Brandi Kendall director, officer: Chief Financial Officer 600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Independence Energy Aggregator L.p. 10 percent owner 600 TRAVIS STREEET, SUITE 7200, HOUSTON TX 77002
Kkr Group Partnership L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Todd Falk officer: Chief Accounting Officer 600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Bo Shi officer: See Remarks 600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
John Clayton Rynd officer: Executive Vice President 600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Teacher Retirement System Of Texas 10 percent owner 1000 RED RIVER STREET, AUSTIN TX 78701
Benjamin Conner officer: Executive Vice President 600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Kkr Group Co. Inc. 10 percent owner 30 HUDSON YARDS, NEW YORK NY 10001
Karen Jo Simon director 1918 OLIVE STREET, #2904, DALLAS TX 75201
Bevin Brown director 600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Erich Bobinsky director 600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Kkr Group Assets Holdings Iii L.p. 10 percent owner 30 HUDSON YARDS, NEW YORK NY 10001
Kkr Group Assets Iii Gp Llc 10 percent owner 30 HUDSON YARDS, NEW YORK NY 10001