Consol Energy Inc (CEIX)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 655,892 | 466,979 | 34,110 | -9,755 | 76,001 |
| Revenue | US$ in thousands | 2,568,880 | 2,101,940 | 1,258,950 | 1,021,640 | 1,430,900 |
| Net profit margin | 25.53% | 22.22% | 2.71% | -0.95% | 5.31% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $655,892K ÷ $2,568,880K
= 25.53%
Consol Energy Inc's net profit margin has shown varying trends over the past five years. The company demonstrated a significant improvement in profitability in 2023 with a net profit margin of 26.17%, compared to 20.48% in 2022. This indicates that for every dollar of revenue generated, Consol Energy Inc was able to retain 26.17 cents as profit after accounting for all expenses.
The performance in 2023 represents a remarkable turnaround from the relatively lower profitability levels observed in 2021 and 2020, with net profit margins of 2.70% and -1.11% respectively. In 2019, the net profit margin was 5.53%, indicating a moderate level of profitability.
The fluctuation in net profit margin over the years suggests that Consol Energy Inc has experienced shifts in its ability to manage costs, generate revenues, and control expenses effectively. The significant improvement in 2023 may reflect successful cost management initiatives, revenue growth, or operational efficiencies implemented by the company.
It is important for investors and stakeholders to closely monitor Consol Energy Inc's net profit margin to assess the company's overall financial health and profitability sustainability over time.
Peer comparison
Dec 31, 2023