Antero Resources Corp (AR)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 242,919 | 1,898,770 | -186,899 | -1,267,900 | -340,129 |
| Revenue | US$ in thousands | 4,681,970 | 7,138,440 | 4,619,430 | 3,491,700 | 4,408,690 |
| Net profit margin | 5.19% | 26.60% | -4.05% | -36.31% | -7.71% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $242,919K ÷ $4,681,970K
= 5.19%
The net profit margin of Antero Resources Corp has shown significant fluctuations over the past five years. In 2023, the net profit margin was 5.19%, indicating that the company generated a profit of 5.19 cents for every dollar of revenue earned. This figure represents a notable decrease from the previous year's margin of 26.60%.
In 2021, the company experienced a negative net profit margin of -4.05%, signifying that Antero Resources Corp incurred a loss in that particular year. However, the company managed to improve its performance in 2022, achieving a considerably higher net profit margin of 26.60%.
The net profit margin was significantly negative in 2020 and 2019, with values of -36.31% and -7.72% respectively. These results suggest that the company faced challenges in generating profits during those years.
Overall, the fluctuating trend in Antero Resources Corp's net profit margin points to varying levels of profitability and financial performance over the analyzed period. Further analysis of the company's financial statements and business operations would be necessary to understand the underlying reasons for these fluctuations and to assess the company's future prospects.
Peer comparison
Dec 31, 2023