The historical rank and industry rank for Flotek Industries's Gross Margin % or its related term are showing as below:
FTK'
s Gross Margin % Range Over the Past 10 Years
Min: -53.96 Med: 36.96 Max: 95.98
Current: 12.9
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%.
FTK's Gross Margin % is ranked worse than 71.68% of 925
companies
in the Oil & Gas industry
Industry Median: 27.82
vs FTK: 12.90
Flotek Industries had a gross margin of 22.35% for the quarter that ended in Dec. 2023 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Flotek Industries was 0.00% per year.
Flotek Industries Gross Margin % Historical Data
The historical data trend for Flotek Industries'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 Flotek Industries's Gross Margin %
For the Oil & Gas Equipment & Services subindustry, Flotek Industries'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.
Flotek Industries's Gross Margin % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Flotek Industries's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Flotek Industries'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
Flotek Industries had a gross margin of 22.35% for the quarter that ended in Dec. 2023 => 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.
Flotek Industries Gross Margin % Related Terms
Thank you for viewing the detailed overview of Flotek Industries's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
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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