Granite Ridge Resources Stock Gross Profit

GRNT Stock

USD 6.45 0.10 1.53%

Granite Ridge Resources fundamentals help investors to digest information that contributes to Granite Ridge's financial success or failures. It also enables traders to predict the movement of Granite Stock. The fundamental analysis module provides a way to measure Granite Ridge's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Granite Ridge stock.

	Last Reported	Projected for Next Year
Gross Profit	145.2 M	194.2 M
Gross Profit Margin	0.37	0.35

Gross Profit is likely to gain to about 194.2 M in 2024, whereas Gross Profit Margin is likely to drop 0.35 in 2024.

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Granite Ridge Resources Company Gross Profit Analysis

Granite Ridge's Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.

Gross Profit

Revenue

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Cost of Revenue

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Current Granite Ridge Gross Profit

422.12 M

Most of Granite Ridge's fundamental indicators, such as Gross Profit, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Granite Ridge Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Granite Gross Profit Driver Correlations

Understanding the fundamental principles of building solid financial models for Granite Ridge is extremely important. It helps to project a fair market value of Granite Stock properly, considering its historical fundamentals such as Gross Profit. Since Granite Ridge's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Granite Ridge's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Granite Ridge's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Net Working Capital	Short Term Debt	Common Stock	Property Plant Equipment	Long Term Debt	Capital Surpluse	Deferred Long Term Liab	Capital Stock
Total Assets		1.0	0.98	0.42	0.9	0.94	0.89	0.92	1.0	0.8	1.0	1.0	-0.34	-0.96	0.98	0.94	-0.58	-0.58	0.6
Total Stockholder Equity	1.0		0.98	0.39	0.89	0.94	0.89	0.91	1.0	0.8	1.0	1.0	-0.34	-0.96	0.98	0.94	-0.57	-0.57	0.58
Net Tangible Assets	0.98	0.98		0.38	0.83	0.9	0.95	0.88	0.98	0.91	0.98	0.99	-0.14	-0.9	1.0	0.9	-0.52	-0.52	0.54
Net Debt	0.42	0.39	0.38		0.7	0.57	0.37	0.67	0.45	0.3	0.37	0.39	-0.2	-0.5	0.37	0.57	-0.88	-0.88	0.89
Retained Earnings	0.9	0.89	0.83	0.7		0.98	0.78	0.99	0.9	0.64	0.89	0.89	-0.45	-0.97	0.83	0.98	-0.86	-0.86	0.87
Accounts Payable	0.94	0.94	0.9	0.57	0.98		0.88	0.99	0.94	0.76	0.94	0.95	-0.34	-0.99	0.9	1.0	-0.79	-0.79	0.8
Net Receivables	0.89	0.89	0.95	0.37	0.78	0.88		0.85	0.89	0.97	0.9	0.92	0.09	-0.84	0.94	0.88	-0.58	-0.58	0.59
Total Liab	0.92	0.91	0.88	0.67	0.99	0.99	0.85		0.92	0.73	0.91	0.92	-0.34	-0.97	0.87	0.99	-0.85	-0.85	0.86
Net Invested Capital	1.0	1.0	0.98	0.45	0.9	0.94	0.89	0.92		0.8	0.99	0.99	-0.34	-0.95	0.98	0.94	-0.59	-0.59	0.61
Short Long Term Debt	0.8	0.8	0.91	0.3	0.64	0.76	0.97	0.73	0.8		0.81	0.84	0.28	-0.7	0.89	0.76	-0.45	-0.45	0.46
Total Current Assets	1.0	1.0	0.98	0.37	0.89	0.94	0.9	0.91	0.99	0.81		1.0	-0.33	-0.96	0.98	0.94	-0.56	-0.56	0.58
Net Working Capital	1.0	1.0	0.99	0.39	0.89	0.95	0.92	0.92	0.99	0.84	1.0		-0.29	-0.95	0.99	0.95	-0.57	-0.57	0.59
Short Term Debt	-0.34	-0.34	-0.14	-0.2	-0.45	-0.34	0.09	-0.34	-0.34	0.28	-0.33	-0.29		0.44	-0.17	-0.34	0.25	0.25	-0.25
Common Stock	-0.96	-0.96	-0.9	-0.5	-0.97	-0.99	-0.84	-0.97	-0.95	-0.7	-0.96	-0.95	0.44		-0.9	-0.99	0.73	0.73	-0.74
Property Plant Equipment	0.98	0.98	1.0	0.37	0.83	0.9	0.94	0.87	0.98	0.89	0.98	0.99	-0.17	-0.9		0.9	-0.52	-0.52	0.53
Long Term Debt	0.94	0.94	0.9	0.57	0.98	1.0	0.88	0.99	0.94	0.76	0.94	0.95	-0.34	-0.99	0.9		-0.79	-0.79	0.8
Capital Surpluse	-0.58	-0.57	-0.52	-0.88	-0.86	-0.79	-0.58	-0.85	-0.59	-0.45	-0.56	-0.57	0.25	0.73	-0.52	-0.79		1.0	-1.0
Deferred Long Term Liab	-0.58	-0.57	-0.52	-0.88	-0.86	-0.79	-0.58	-0.85	-0.59	-0.45	-0.56	-0.57	0.25	0.73	-0.52	-0.79	1.0		-1.0
Capital Stock	0.6	0.58	0.54	0.89	0.87	0.8	0.59	0.86	0.61	0.46	0.58	0.59	-0.25	-0.74	0.53	0.8	-1.0	-1.0

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Granite Gross Profit Historical Pattern

Today, most investors in Granite Ridge Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Granite Ridge's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's gross profit growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Granite Ridge gross profit as a starting point in their analysis.

Granite Ridge Gross Profit

Timeline

Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.

Competition

Predict Granite Ridge

Gross Profit Over Time

According to the company disclosure, Granite Ridge Resources reported 422.12 M of gross profit. This is 99.86% lower than that of the Oil, Gas & Consumable Fuels sector and significantly higher than that of the Energy industry. The gross profit for all United States stocks is 98.46% higher than that of the company.

Granite Gross Profit Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Granite Ridge's direct or indirect competition against its Gross Profit to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Granite Ridge could also be used in its relative valuation, which is a method of valuing Granite Ridge by comparing valuation metrics of similar companies.

Granite Ridge is currently under evaluation in gross profit category among its peers.

Granite Ridge ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Granite Ridge's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Granite Ridge's managers, analysts, and investors.

Environmental

Governance

Social

Granite Fundamentals

	Return On Equity	0.0731
	Return On Asset	0.08
	Profit Margin	0.13 %
	Operating Margin	0.41 %
	Current Valuation	1 B
	Shares Outstanding	130.74 M
	Shares Owned By Insiders	52.14 %
	Shares Owned By Institutions	33.22 %
	Number Of Shares Shorted	2.72 M
	Price To Earning	459.50 X
	Price To Book	1.30 X
	Price To Sales	2.39 X
	Revenue	394.07 M
	Gross Profit	422.12 M
	EBITDA	271.56 M
	Net Income	81.1 M
	Cash And Equivalents	172.1 K
	Total Debt	110 M
	Debt To Equity	0 %
	Current Ratio	0.02 X
	Book Value Per Share	5.05 X
	Cash Flow From Operations	302.87 M
	Short Ratio	6.90 X
	Earnings Per Share	0.36 X
	Target Price	7.56
	Beta	0.17
	Market Capitalization	856.37 M
	Total Asset	927.1 M
	Retained Earnings	54.78 M
	Working Capital	89.47 M
	Annual Yield	0.07 %
	Net Asset	927.1 M
	Last Dividend Paid	0.44

About Granite Ridge Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Granite Ridge Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Granite Ridge using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Granite Ridge Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Granite Stock Analysis

When running Granite Ridge's price analysis, check to measure Granite Ridge's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Granite Ridge is operating at the current time. Most of Granite Ridge's value examination focuses on studying past and present price action to predict the probability of Granite Ridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Granite Ridge's price. Additionally, you may evaluate how the addition of Granite Ridge to your portfolios can decrease your overall portfolio volatility.

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