Consol Energy Inc (CEIX)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 989,693 | 708,287 | 105,847 | 173,004 | 314,857 |
| Revenue | US$ in thousands | 2,568,880 | 2,101,940 | 1,258,950 | 1,021,640 | 1,430,900 |
| Operating profit margin | 38.53% | 33.70% | 8.41% | 16.93% | 22.00% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $989,693K ÷ $2,568,880K
= 38.53%
The operating profit margin of Consol Energy Inc has shown fluctuations over the past five years. In 2023, the operating profit margin was 29.83%, indicating that the company generated a profit of approximately 29.83 cents for every dollar of sales after deducting operating expenses. Compared to the previous year, there was a decrease from 35.30% in 2022. This decline suggests that the company's operational efficiency may have slightly decreased in 2023.
Looking further back, in 2021, Consol Energy Inc had an operating profit margin of 7.94%, marking a significant improvement from the negative margin of -12.69% in 2020. The positive trend indicates that the company was able to better control its operating expenses and generate higher profits from its core business activities.
Overall, despite fluctuations in the operating profit margin over the years, Consol Energy Inc has shown an ability to improve its profitability and operational performance. It is essential for the company to continue monitoring and managing its operating expenses effectively to sustain and grow its profitability in the future.
Peer comparison
Dec 31, 2023