Civitas Resources Inc (CIVI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 784,288 | 1,248,080 | 178,921 | 103,528 | 67,067 |
| Revenue | US$ in thousands | 3,296,250 | 3,775,140 | 923,213 | 215,005 | 312,095 |
| Net profit margin | 23.79% | 33.06% | 19.38% | 48.15% | 21.49% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $784,288K ÷ $3,296,250K
= 23.79%
The net profit margin of Civitas Resources Inc has varied over the past five years, with fluctuations observed in its profitability performance. In 2023, the net profit margin decreased to 22.54% from the previous year's 32.92%. This decline suggests a reduction in the proportion of revenue that translates into net profit after accounting for all expenses.
Looking further back, the net profit margin was also lower in 2021 at 19.23% compared to 2020 when it was notably higher at 47.47%. This significant decrease in profitability from 2020 to 2021 indicates a potential decline in operational efficiency or an increase in costs relative to revenue.
In 2019, the net profit margin stood at 21.41%, showing slight improvement compared to 2023 but lower than the levels seen in 2020 and 2022. Overall, the varying trend in net profit margins over the years suggests fluctuations in the company's ability to generate profits from its operations amidst changes in revenue and cost structures.
Peer comparison
Dec 31, 2023