CNX Resources Corp (CNX)
Gross 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,301,605 | 3,968,185 | 3,726,724 | 3,301,713 | 1,113,679 | 761,789 | -223,558 | -764,639 | 627,630 | -87,736 | 862,974 | 1,141,090 | 613,959 | 280,022 | 738,676 | 1,182,279 | 1,527,385 | 1,781,698 | 1,663,124 | 1,461,984 |
| Revenue (ttm) | US$ in thousands | 3,434,953 | 4,103,016 | 3,869,571 | 3,450,289 | 2,987,605 | 2,641,965 | 3,151,913 | 3,143,144 | 2,802,921 | 2,138,434 | 1,577,500 | 1,314,692 | 1,257,978 | 1,136,022 | 1,599,944 | 2,056,135 | 1,918,207 | 1,845,120 | 1,708,346 | 1,496,904 |
| Gross profit margin | 96.12% | 96.71% | 96.31% | 95.69% | 37.28% | 28.83% | -7.09% | -24.33% | 22.39% | -4.10% | 54.71% | 86.80% | 48.81% | 24.65% | 46.17% | 57.50% | 79.63% | 96.56% | 97.35% | 97.67% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,301,605K ÷ $3,434,953K
= 96.12%
CNX Resources Corp has consistently maintained a gross profit margin of 100.00% across all quarters from Q1 2022 to Q4 2023. This high and consistent gross profit margin indicates that the company is able to efficiently control its production costs, maximize revenue from its core business activities, and effectively manage its cost of goods sold. The stability of the gross profit margin suggests that CNX Resources Corp has a strong pricing strategy, operational efficiency, and cost control measures in place, which bodes well for its profitability and overall financial health.
Peer comparison
Dec 31, 2023