Superior Drilling Products Profit Margin

Superior Drilling Products posts a profit margin of 20.88% as of March 2024. That compares with 11.43% in the prior-year period — up 82.7% year over year. That is above the Industrials sector average of 4.71%. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.

In the prior comparable period, Superior Drilling Products's profit margin was 11.43%. The latest reading is 20.88% — a 82.7% year-over-year increase (period ending March 2024). Use the history and growth charts on this page for a longer lookback.

For Industrials stocks, a profit margin near 4.71% is typical. Superior Drilling Products's 20.88% is higher that level. That is roughly 343.8% above the sector mean. Whether that is a warning or an opportunity depends on growth outlook and other fundamentals shown elsewhere on Stockcircle.

Superior Drilling Products's profit margin moves when the underlying profit, equity, or asset base changes. Cost cuts, pricing power, buybacks, write-downs, and cyclical swings can all shift the percentage. The latest reading is 20.88% as of March 2024; use YoY and peer views to separate noise from signal.

Context for SDPI's profit margin usually means three checks: (1) trend versus prior periods, (2) level versus peers (average 4.71%), and (3) consistency with growth and profitability. This page covers the first two; Superior Drilling Products's other metric pages and overview cover the third.