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WFRD (Weatherford International) Gross Margin % : 34.92% (As of Sep. 2024)


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What is Weatherford International Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Weatherford International's Gross Profit for the three months ended in Sep. 2024 was $492 Mil. Weatherford International's Revenue for the three months ended in Sep. 2024 was $1,409 Mil. Therefore, Weatherford International's Gross Margin % for the quarter that ended in Sep. 2024 was 34.92%.


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

WFRD' s Gross Margin % Range Over the Past 10 Years
Min: 9.74   Med: 22.68   Max: 35.11
Current: 35.11


During the past 13 years, the highest Gross Margin % of Weatherford International was 35.11%. The lowest was 9.74%. And the median was 22.68%.

WFRD's Gross Margin % is ranked better than
60.07% of 904 companies
in the Oil & Gas industry
Industry Median: 27.72 vs WFRD: 35.11

Weatherford International had a gross margin of 34.92% for the quarter that ended in Sep. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Weatherford International was 9.90% per year.


Weatherford International Gross Margin % Historical Data

The historical data trend for Weatherford International'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.

Weatherford International Gross Margin % Chart

Weatherford International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.22 23.83 25.49 30.27 33.89

Weatherford International Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Premium Member Only Premium Member Only Premium Member Only 34.58 33.99 34.90 36.58 34.92

Competitive Comparison of Weatherford International's Gross Margin %

For the Oil & Gas Equipment & Services subindustry, Weatherford International'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.


Weatherford International's Gross Margin % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Weatherford International's Gross Margin % falls into.



Weatherford International Gross Margin % Calculation

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

Weatherford International'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 )
=1740 / 5135
=(Revenue - Cost of Goods Sold) / Revenue
=(5135 - 3395) / 5135
=33.89 %

Weatherford International's Gross Margin for the quarter that ended in Sep. 2024 is calculated as


Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=492 / 1409
=(Revenue - Cost of Goods Sold) / Revenue
=(1409 - 917) / 1409
=34.92 %

* 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.


Weatherford International  (NAS:WFRD) 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

Weatherford International had a gross margin of 34.92% for the quarter that ended in Sep. 2024 => Competition eroding margins


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.


Weatherford International Gross Margin % Related Terms

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


Weatherford International Business Description

Traded in Other Exchanges
Address
2000 Street James Place, Houston, TX, USA, 77056
Weatherford International provides diversified oilfield services across international markets for an array of oilfield types. The firm is a global market leader in artificial lift and tubular running services. Other key product lines include cementing products, directional drilling, and wireline evaluation.
Executives
Charles M Sledge director 1611 SCENIC MOUNTAIN COURT, KINGWOOD TX 77345
Girish Saligram director, officer: President and CEO 2000 ST. JAMES PLACE, HOUSTON TX 77056
Jacqueline C Mutschler director 2000 ST. JAMES PLACE, HOUSTON TX 77056
Benjamin Duster director 200 E. 84ST, 8TH FLOOR, NEW YORK NY 10028
Neal P Goldman director 10700 PARKRIDGE BLVD., RESTON VA 20191
Desmond J Mills officer: VP & Chief Accounting Officer 2000 ST. JAMES PLACE, HOUSTON TX 77056
Scott C Weatherholt officer: EVP, GC & CCO 321 SOUTH BOSTON AVE., SUITE 1000, TULSA OK 74103
Joseph H Mongrain officer: EVP and CHRO 2000 ST. JAMES PLACE, HOUSTON TX 77056
Arunava Mitra officer: EVP and CFO 2000 ST. JAMES PLACE, HOUSTON TX 77056
Charles Davison officer: EVP - Operational Excellence 2000 ST. JAMES PLACE, HOUSTON TX 77056
H. Keith Jennings officer: EVP and CFO 2000 ST. JAMES PLACE, HOUSTON TX 77056
Mark D Swift officer: President - Western Hemisphere 2000 ST. JAMES PLACE, HOUSTON TX 77056
Christian A Garcia officer: Chief Financial Officer 3000 N. SAM HOUSTON PARKWAY E., BLDG. J-4, HOUSTON TX 77032
John F Glick director TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Bates Thomas R Jr director TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380