Civitas Resources Inc (CIVI)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,922,550 | 1,932,510 | 2,799,540 | 540,790 | 52,428 |
| Revenue | US$ in thousands | 5,204,240 | 3,296,250 | 3,775,140 | 923,213 | 215,005 |
| Gross profit margin | 56.16% | 58.63% | 74.16% | 58.58% | 24.38% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,922,550K ÷ $5,204,240K
= 56.16%
Civitas Resources Inc experienced a significant increase in its gross profit margin over the years based on the provided data. The gross profit margin improved from 24.38% as of December 31, 2020, to 56.16% as of December 31, 2024. This signifies a positive trend in the company's ability to generate profit from its core operations.
The noticeable upward trajectory in the gross profit margin indicates that Civitas Resources Inc has been effectively managing its production costs and pricing strategies to enhance its profitability. The company has successfully optimized its revenue generation relative to the costs of goods sold, leading to improved overall profitability.
The peak gross profit margin of 74.16% as of December 31, 2022, demonstrates a period of exceptional performance for Civitas Resources Inc, possibly driven by strategic pricing decisions, operational efficiencies, or cost-saving measures implemented by the company during that year.
Overall, the consistent growth in the gross profit margin suggests that Civitas Resources Inc has been successful in enhancing its operational efficiency and profitability over the analyzed period, reflecting positively on the company's financial health and management practices.
Peer comparison
Dec 31, 2024