Chesapeake Energy Corp (CHK)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,142,000 | 3,780,000 | 938,000 | -8,703,000 | -31,000 |
| Revenue | US$ in thousands | 8,721,000 | 11,743,000 | 5,549,000 | 5,240,000 | 8,532,000 |
| Operating profit margin | 36.03% | 32.19% | 16.90% | -166.09% | -0.36% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,142,000K ÷ $8,721,000K
= 36.03%
The operating profit margin of Chesapeake Energy Corp has shown a fluctuating trend over the past five years. In 2023, the company achieved an operating profit margin of 36.03%, which represents a significant improvement compared to the previous year's margin of 32.19%. This indicates that the company was able to generate more operating profit for each dollar of revenue in 2023.
The year 2021 had an operating profit margin of 16.90%, a noticeable increase from the negative operating profit margins in 2020 and 2019. The negative margin in 2020 (-166.09%) suggests that the company incurred significant operating losses relative to its revenue, which may have been due to various factors such as high operating expenses or impairment charges.
Overall, the recent positive trend in the operating profit margin of Chesapeake Energy Corp indicates an improvement in the company's operational efficiency and profitability. It suggests that the company has been able to better control its operating costs and generate higher profits from its core business activities.
Peer comparison
Dec 31, 2023