CNX Resources Corp (CNX)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	1,124,538	1,961,150	1,886,638	2,410,841	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
Revenue (ttm)	US$ in thousands	1,266,787	2,098,976	2,025,269	2,543,526	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
Gross profit margin		88.77%	93.43%	93.15%	94.78%	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%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,124,538K ÷ $1,266,787K
= 88.77%

CNX Resources Corp's gross profit margin has shown fluctuations over the years from March 31, 2020, to December 31, 2024. The gross profit margin provides insights into the company's ability to generate profits from its core operations.

From March 31, 2020, to June 30, 2020, the gross profit margin declined from 57.50% to 46.17%. This decrease indicates a potential decrease in profitability or an increase in costs during this period.

Subsequently, there was a significant drop in the gross profit margin to 24.65% by September 30, 2020, reflecting further challenges in maintaining profitability. However, the company managed to improve its gross profit margin to 48.81% by December 31, 2020, showcasing a recovery in profitability.

The gross profit margin further improved to 86.80% by March 31, 2021, and then fluctuated within the range of 22.39% to 54.71% until September 30, 2021. Notably, the gross profit margin turned negative (-4.10%) by September 30, 2021, indicating a potential operational loss during that period.

The trend of negative gross profit margins continued until June 30, 2022, and improved to 28.83% by September 30, 2022. Subsequently, the gross profit margin rose steadily, reaching 96.71% by September 30, 2023, and maintaining a high level until December 31, 2023.

However, there was a slight decline in the gross profit margin to 88.77% by December 31, 2024, indicating a potential decrease in profitability from the previous quarter. Overall, the company demonstrated the ability to recover and maintain high levels of profitability in the later periods, with some fluctuations observed throughout the analyzed timeline.