CNX Resources Corp (CNX)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,720,720	-142,077	-498,643	-483,775	-80,730
Revenue	US$ in thousands	3,434,950	1,261,210	756,792	1,257,980	1,922,450
Net profit margin		50.09%	-11.27%	-65.89%	-38.46%	-4.20%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $1,720,720K ÷ $3,434,950K
= 50.09%

The net profit margin of CNX Resources Corp has shown a significant improvement over the years, with a remarkable increase from -44.59% in 2020 to 50.09% in 2023. The company managed to turn around its profitability substantially, moving from negative margins to a highly favorable margin in the most recent year. This trend indicates a successful management of expenses and operations, resulting in a strong bottom line performance. It is evident that CNX Resources Corp has implemented effective strategies to enhance its profitability and financial health.