OceanPal (SVRN) Gross Margin (2022 - 2024)
OceanPal's (SVRN) quarterly Gross Margin came in at 87.74% in Q2 2024, up 79.0% year-over-year from 49.02% in Q3 2023, and down 2.09% quarter-over-quarter from 89.61% in Q1 2024.
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OceanPal (SVRN) Gross Margin (2022 - 2024) Analysis & Trends
OceanPal has disclosed Gross Margin across 3 years of filings, most recently posting 87.74% for Q2 2024.
- In Q2 2024, Gross Margin rose 79.0% year-over-year to 87.74%; the TTM figure through Jun 2024 stood at 90.58% (up 1225.0% YoY), while the FY2024 annual figure was 85.56%, down 420.0% from the prior year.
- Gross Margin came in at 87.74% for Q2 2024 at OceanPal, down from 89.61% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 99.3% in Q3 2023 to a low of 49.49% in Q4 2022.
- Average Gross Margin over 3 years is 86.95%, with a median of 89.32% recorded in 2023.
- The largest YoY upside for Gross Margin was 3954 bps in 2023 against a maximum downside of 909 bps in 2023.
- Over 3 years, Gross Margin stood at 49.49% in 2022, then soared by 80 bps to 89.03% in 2023, then retreated by 1 bps to 87.74% in 2024.
- Per Business Quant data, the three most recent Gross Margin figures were 87.74% in Q2 2024, 89.61% in Q1 2024, and 89.03% in Q4 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.35 Bn | 10.03 Bn | - | - |
| 2 | Kirby | 7.39 Bn | 7.35 Bn | 290.80 Mn | 31.53% |
| 3 | Matson | 6.76 Bn | 6.64 Bn | - | - |
| 4 | International Seaways | 5.13 Bn | 5.13 Bn | 467.16 Mn | 99.97% |
| 5 | Hafnia | 4.45 Bn | 4.17 Bn | 372.91 Mn | 45.71% |
| 6 | Cmb.Tech | 4.42 Bn | 4.26 Bn | 970.62 Mn | 79.33% |
| 7 | Scorpio Tankers | 3.80 Bn | 1.97 Bn | 343.91 Mn | 84.14% |
| 8 | ZIM Integrated Shipping Services | 3.60 Bn | 2.57 Bn | 255.00 Mn | 14.32% |
| 9 | Star Bulk Carriers | 3.56 Bn | 3.00 Bn | 299.80 Mn | 83.88% |
| 10 | OceanPal | 166,768.10 | 166,768.10 | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | 87.74% |
| Mar 31, 2024 | 89.61% |
| Dec 31, 2023 | 89.03% |
| Sep 30, 2023 | 99.30% |
| Jun 30, 2023 | 86.95% |
| Mar 31, 2023 | 85.29% |
| Dec 31, 2022 | 49.49% |
| Sep 30, 2022 | 96.25% |
| Jun 30, 2022 | 91.46% |
| Mar 31, 2022 | 94.38% |