Civitas Resources Inc (CIVI)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	2,824,227	3,444,076	3,123,741	2,465,155	1,940,793	2,076,973	2,142,577	2,667,663	2,800,218	3,002,143	2,212,370	1,220,505	541,851	340,386	218,953	123,537	52,927	144,218	159,117	207,610
Revenue (ttm)	US$ in thousands	5,094,450	4,839,420	4,526,829	3,865,899	3,296,241	3,066,349	3,106,445	3,597,935	3,775,144	3,476,852	2,665,287	1,674,922	923,213	476,935	347,546	228,560	215,005	232,434	248,784	298,938
Gross profit margin		55.44%	71.17%	69.01%	63.77%	58.88%	67.73%	68.97%	74.14%	74.18%	86.35%	83.01%	72.87%	58.69%	71.37%	63.00%	54.05%	24.62%	62.05%	63.96%	69.45%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,824,227K ÷ $5,094,450K
= 55.44%

Civitas Resources Inc's gross profit margin has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The trend indicates variability in the company's ability to generate profit from its core operations.

The gross profit margin started strong at 69.45% in March 2020, but showed a slight decline to 63.96% by June 2020. However, the margin decreased significantly to 24.62% by December 2020, possibly indicating challenges in managing production costs or pricing strategies.

From March 2021 to September 2021, there was a gradual improvement in the gross profit margin, reaching a peak of 86.35% in September 2022. This trend suggests that the company may have implemented corrective measures to enhance profitability during this period.

Despite the peak, there was a decline in the gross profit margin in the subsequent quarters, with it dropping to 55.44% by December 2024. This decline could indicate increased competition, pricing pressures, or rising operating expenses for the company.

Overall, while Civitas Resources Inc has shown periods of strong gross profit margins, there are fluctuations that suggest the need for continuous monitoring and adjustments to sustain and improve profitability in its core operations.