APA Corporation (APA)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	2,526,000	3,536,000	1,062,000	-4,860,000	-3,553,000
Revenue	US$ in thousands	8,279,000	1,874,000	7,985,000	4,308,000	6,553,000
Net profit margin		30.51%	188.69%	13.30%	-112.81%	-54.22%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $2,526,000K ÷ $8,279,000K
= 30.51%

APA Corporation's net profit margin has shown considerable variability in recent years. In 2023, the net profit margin improved significantly to 34.41%, indicating that the company was able to generate a higher percentage of profit from its revenue compared to the previous year. This improvement suggests effective cost management and operational efficiency.

The net profit margin for 2022 was slightly lower at 32.74% but still remained at a relatively healthy level, signaling continued profitability for the company. In contrast, the net profit margin for 2021 was lower at 11.85%, indicating a decrease in profitability compared to the previous year. This decline may be attributed to various factors such as increased costs or lower revenue.

The net profit margin for 2020 was negative at -108.02%, indicating that APA Corporation incurred a net loss for the year. This could be a result of extraordinary one-time expenses or impairment charges that impacted the company's bottom line. Similarly, in 2019, the net profit margin was negative at -55.79%, indicating another year of net losses.

Overall, APA Corporation's net profit margin has demonstrated significant fluctuations, with the company experiencing both profitable and loss-making years. It is important for investors and stakeholders to monitor the company's financial performance closely to assess its ability to sustain profitability in the long run.