CNX Resources Corp (CNX)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -218,563 | 644,389 | 579,228 | 1,131,387 | 2,029,894 | 2,660,789 | 2,398,617 | 1,915,209 | -271,720 | -636,328 | -1,601,480 | -2,087,350 | -675,907 | -1,352,922 | -378,485 | -93,626 | -1,169,276 | -1,503,256 | -1,060,158 | -677,227 |
| 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 |
| Operating profit margin | -17.25% | 30.70% | 28.60% | 44.48% | 59.10% | 64.85% | 61.99% | 55.51% | -9.09% | -24.09% | -50.81% | -66.41% | -24.11% | -63.27% | -23.99% | -7.12% | -92.95% | -132.33% | -66.26% | -32.94% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-218,563K ÷ $1,266,787K
= -17.25%
CNX Resources Corp's operating profit margin experienced significant fluctuations over the periods mentioned in the data. The company started with negative operating profit margins, which gradually improved over time.
During the first half of 2022 and 2023, the operating profit margin continued to be negative but showed signs of improvement. By March 2023, there was a notable turnaround, with the operating profit margin crossing into positive territory and reaching 55.51%.
This positive trend continued into the subsequent quarters of 2023, with the operating profit margin steadily increasing to 64.85% by September 2023. However, there was a slight dip in December 2023, with the margin decreasing to 59.10%.
In the first half of 2024, the operating profit margin remained positive but started to decline. By June 2024, the margin had reduced to 28.60%, and further dropped to 30.70% by September 2024.
The positive trend was abruptly interrupted in December 2024, with the operating profit margin falling back into negative territory at -17.25%.
Overall, CNX Resources Corp's operating profit margin has shown a mix of negative and positive trends over the periods analyzed, with fluctuations reflecting the company's financial performance and operational efficiencies.
Peer comparison
Dec 31, 2024