CNX Resources Corp (CNX)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,296,950 | 1,109,560 | 615,511 | 601,804 | 1,436,600 |
| Revenue | US$ in thousands | 3,434,950 | 1,261,210 | 756,792 | 1,257,980 | 1,922,450 |
| Gross profit margin | 95.98% | 87.98% | 81.33% | 47.84% | 74.73% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,296,950K ÷ $3,434,950K
= 95.98%
CNX Resources Corp has consistently maintained a gross profit margin of 100% over the past five years. This indicates that the company has been able to effectively control its cost of goods sold and generate a significant gross profit relative to its revenue. A gross profit margin of 100% suggests that for every dollar of revenue generated, the company is able to retain the entire amount after accounting for the cost of goods sold. This high level of gross profit margin may reflect efficient production processes, effective cost management, or pricing strategies that allow the company to maintain healthy profitability levels. Overall, CNX Resources Corp's consistent gross profit margin performance demonstrates strong financial discipline and operational efficiency.
Peer comparison
Dec 31, 2023