Civitas Resources Inc (CIVI)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 838,723 | 784,288 | 1,248,080 | 178,921 | 103,528 |
| Revenue | US$ in thousands | 5,204,240 | 3,296,250 | 3,775,140 | 923,213 | 215,005 |
| Net profit margin | 16.12% | 23.79% | 33.06% | 19.38% | 48.15% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $838,723K ÷ $5,204,240K
= 16.12%
Based on the data provided for Civitas Resources Inc, the net profit margin has shown fluctuations over the past five years.
In December 31, 2020, the net profit margin was at a robust 48.15%, indicating that the company was able to efficiently convert its revenue into profit. However, there was a significant decrease in the net profit margin by December 31, 2021, dropping to 19.38%. This sharp decline suggests potential challenges or changes in the company's operations that impacted its profitability negatively.
By December 31, 2022, the net profit margin improved to 33.06%, showing a recovery from the previous year. This increase indicates that the company may have implemented strategies to enhance its profitability or successfully managed its costs.
The net profit margin dipped again by December 31, 2023, to 23.79%, suggesting some challenges in maintaining profitability. Finally, by December 31, 2024, the net profit margin further decreased to 16.12%, potentially indicating continued struggles in generating profit relative to its revenue.
Overall, Civitas Resources Inc's net profit margin has shown variability over the years, with both positive and negative trends. It is important for the company to assess the factors driving these fluctuations and implement strategic measures to ensure sustained profitability in the future.
Peer comparison
Dec 31, 2024