Chesapeake Energy Corp (CHK)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 8,573,000 | 10,739,000 | 12,378,000 | 14,005,000 | 11,579,000 | 10,562,000 | 8,300,000 | 5,473,000 | 5,429,000 | 3,641,000 | 3,676,000 | 3,399,000 | -3,518,000 | -2,851,000 | -1,736,000 | 175,000 | 8,319,000 | 9,444,000 | 9,756,000 | 9,560,000 |
| Revenue (ttm) | US$ in thousands | 8,721,000 | 10,899,000 | 12,549,000 | 14,178,000 | 11,743,000 | 10,703,000 | 8,431,000 | 5,604,000 | 5,549,000 | 3,722,000 | 3,792,000 | 3,606,000 | 5,251,000 | 5,918,000 | 7,045,000 | 8,924,000 | 8,595,000 | 9,462,000 | 9,799,000 | 9,702,000 |
| Gross profit margin | 98.30% | 98.53% | 98.64% | 98.78% | 98.60% | 98.68% | 98.45% | 97.66% | 97.84% | 97.82% | 96.94% | 94.26% | -67.00% | -48.18% | -24.64% | 1.96% | 96.79% | 99.81% | 99.56% | 98.54% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $8,573,000K ÷ $8,721,000K
= 98.30%
Chesapeake Energy Corp's gross profit margin has shown fluctuations over the past several quarters. The company's gross profit margin was relatively stable and high, ranging from 97.66% to 98.78%, from March 31, 2022, to Mar 31, 2023. However, there was a significant decline in the gross profit margin in December 31, 2022, which dropped to 98.60% from the previous quarter's 98.78%.
The gross profit margin took a drastic downturn in December 31, 2020, where it plunged to -67.00% and continued to be negative in subsequent quarters, showing a high level of inconsistency and potential financial distress during that period.
Overall, Chesapeake Energy Corp's recent gross profit margins have shown resilience and high profitability, except for the anomaly in December 2020, which may have been an outlier. Monitoring future trends in the gross profit margin will be crucial to understanding the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023