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Vertex Energy Inc   (VTNR)
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Vertex Energy Inc 's

Competitiveness


 

VTNR Sales vs. its Competitors Q1 2020



Comparing the results to its competitors, Vertex Energy Inc reported Total Revenue decrease in the 1 quarter 2020 year on year by -7.93 %, faster than overall decrease of Vertex Energy Inc 's competitors by -7.93 %, recorded in the same quarter.

List of VTNR Competitors

With net margin of 6.6 % company reported lower profitability than its competitors.

More on VTNR Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Vertex Energy Inc achieved net profit of $2 millions compare to net loss of $-5 millions recorded in same quarter a year ago.

<<  More on VTNR Income Comparisons


Vertex Energy Inc 's Comment on Competitors and Industry Peers


The industrial waste and brokerage of petroleum products industries are highly competitive. There are numerous small to mid-size firms that are engaged in the collection, transportation, treatment and brokerage of virgin and used petroleum products. Competitors include, but are not limited to: Safety-Kleen, Inc., Rio Energy, Inc., Heritage-Crystal Clean, Inc., and FCC Environmental (formerly Siemens Hydrocarbon Recovery Services), Thermo Fluids Inc., and Flex Oil Service, LLC. These competitors actively seek to purchase feedstock from local, regional and industrial collectors, refineries, pipelines and other sources.

Competition for these feedstocks may result in increasing prices to obtain used motor oil and transmix feedstocks critical to the success of our business. In order to remain competitive, we must control costs and maintain strong relationships with our feedstock suppliers. Our network of generators and collectors minimizes our reliance on any single supplier. A portion of the sales of the collected and aggregated used motor oil product are based on supply contracts which include a range of prices which change based on feedstock quality specifications and volumes. This pricing structure helps to insulate us from inventory risk by ensuring a spread between costs to acquire used motor oil feedstock and the revenues received for delivery of the feedstock. We believe that price and service are the main competitive factors in the used motor oil collection industry. We believe that our ability to accept and transport large volumes of oil year round gives us an advantage over many of our competitors. In addition, we believe that our storage capacity and ability to process the streams of products we receive as well as our ability to transport the end product by barge, rail and truck provide further advantages over many of our competitors.





*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.


VTNR's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Vertex Energy Inc VTNR 29 160 2 205
Heritage crystal Clean Inc HCCI 398 336 25 0
SUBTOTAL 428 496 27 205


       
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