Civitas Resources Inc (CIVI)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,082,700 | 999,454 | 1,653,780 | 251,779 | 42,981 |
| Revenue | US$ in thousands | 5,204,240 | 3,296,250 | 3,775,140 | 923,213 | 215,005 |
| Pretax margin | 20.80% | 30.32% | 43.81% | 27.27% | 19.99% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,082,700K ÷ $5,204,240K
= 20.80%
Civitas Resources Inc has shown a fluctuating trend in its pretax margin over the past five years. The pretax margin stood at 19.99% as of December 31, 2020, and increased steadily to reach its highest point at 43.81% as of December 31, 2022. However, there was a slight decline in the pretax margin to 30.32% by December 31, 2023, before dropping further to 20.80% by the end of 2024. This variability in the pretax margin indicates that Civitas Resources Inc may have experienced shifts in its profitability and cost management strategies during this period. It would be beneficial for stakeholders to further investigate the factors contributing to these fluctuations in the pretax margin to assess the company's financial performance and sustainability.
Peer comparison
Dec 31, 2024