Civitas Resources Inc (CIVI)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	784,277	763,314	1,029,432	1,358,966	1,248,155	1,129,950	764,815	270,675	178,917	75,856	38,441	24,858	103,528	79,403	112,056	191,980	106,436	111,338	118,808	82,645
Revenue (ttm)	US$ in thousands	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	311,230	297,776	323,327	310,341
Net profit margin		23.79%	24.89%	33.14%	37.77%	33.06%	32.50%	28.70%	16.16%	19.38%	15.90%	11.06%	10.88%	48.15%	34.16%	45.04%	64.22%	34.20%	37.39%	36.75%	26.63%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $784,277K ÷ $3,296,241K
= 23.79%

Civitas Resources Inc's net profit margin has exhibited fluctuations in recent quarters. In Q1 2022, the net profit margin stood at 16.17%, which increased to 28.65% in Q2 2022 and further to 32.40% in Q3 2022. The trend continued in Q4 2022 with a net profit margin of 32.92%. However, the net profit margin saw a decline in Q1 2023 to 37.44%, followed by a further decrease to 32.80% in Q2 2023. The most recent data for Q3 2023 shows a net profit margin of 24.10%. Overall, while Civitas Resources Inc was able to maintain relatively healthy net profit margins, there has been some variability in performance quarter over quarter.