CNX Resources Corp (CNX)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	2,025,250	-275,849	-688,018	-1,181,410	-379,128
Revenue	US$ in thousands	3,434,950	1,261,210	756,792	1,257,980	1,922,450
Operating profit margin		58.96%	-21.87%	-90.91%	-93.91%	-19.72%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $2,025,250K ÷ $3,434,950K
= 58.96%

Operating profit margin is a key financial metric that shows the percentage of revenue that turns into profit from core operations. A higher operating profit margin indicates better operational efficiency and cost control. In the case of CNX Resources Corp, the operating profit margin has fluctuated over the past five years.

In 2023, the operating profit margin was 65.29%, slightly lower than the previous year at 66.33%. This indicates that the company was able to convert a significant portion of its revenue into operational profit, although there was a slight decrease in efficiency compared to the prior year.

In 2021, the operating profit margin was 48.32%, showing a substantial increase from the negative operating profit margin of -7.18% in 2020. This improvement suggests that CNX Resources Corp was able to streamline its operations and control costs more effectively.

However, in 2019, the operating profit margin was 16.60%, lower than in 2021 and 2022 but higher than in 2020. This indicates that there may have been fluctuations in the company's operational efficiency during that year.

Overall, while the operating profit margin of CNX Resources Corp has shown variability over the past five years, the company has generally managed to maintain a relatively high operating profit margin, indicating a solid ability to generate profits from its core business activities.