CNX Resources Corp (CNX)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	1,118,210	3,296,950	1,109,560	615,511	601,804
Revenue	US$ in thousands	1,266,790	3,434,950	1,261,210	756,792	1,257,980
Gross profit margin		88.27%	95.98%	87.98%	81.33%	47.84%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,118,210K ÷ $1,266,790K
= 88.27%

The gross profit margin of CNX Resources Corp has shown a positive trend over the years, increasing significantly from 47.84% in December 2020 to 88.27% in December 2024. This indicates that the company's profitability has been improving as it has been able to generate more gross profit relative to its revenue. The substantial rise in the gross profit margin signifies that CNX Resources Corp has been able to effectively manage its cost of goods sold and enhance its efficiency in generating revenue. It suggests that the company has potentially focused on optimizing its production processes, negotiating better pricing with suppliers, or streamlining its operations to achieve higher profitability. The upward trajectory of the gross profit margin is a positive indicator of CNX Resources Corp's financial health and efficiency in utilizing its resources to generate profit.