As of June 3, 2025, Laredo Oil Inc (LRDC) reports a Gross Margin of 35.09%.
Gross Margin indicates the portion of sales revenue remaining after covering production costs, highlighting operational efficiency.
Historical Trend of Laredo Oil Inc's Gross Margin
Over recent years, Laredo Oil Inc's Gross Margin has shown a stable trend. The table below summarizes the historical values:
| Date | Gross Margin |
|---|---|
| 2024-05-31 | 35.09% |
| 2023-05-31 | -92.66% |
| 2022-05-31 | -3.99% |
| 2021-05-31 | 2.16% |
| 2020-05-31 | 2.31% |
This slight downward trend highlights how Laredo Oil Inc manages its operational efficiency and pricing power over time.
Comparing Laredo Oil Inc's Gross Margin to Peers
To better understand Laredo Oil Inc's position, it's useful to compare its Gross Margin against industry peers. Below are selected comparisons:
| Company | Gross Margin |
|---|---|
| Laredo Oil Inc (LRDC) | 35.09% |
| Glori Energy Inc (GLRI) | 7775.20% |
| Synthesis Energy Systems Inc (SYNE) | 72.59% |
| High Arctic Energy Services Inc (HWO.TO) | 49.73% |
| CSI Compressco LP (CCLP) | 45.50% |
| Rival Technologies Inc (RVTI) | 40.00% |
Compared to its competitors, Laredo Oil Inc's Gross Margin is about average compared to peers, indicating industry-standard operational efficiency.