CNX Resources Corp (CNX)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -120,362 | 2,222,920 | -211,947 | -636,513 | -657,862 |
| Revenue | US$ in thousands | 1,266,790 | 3,434,950 | 1,261,210 | 756,792 | 1,257,980 |
| Pretax margin | -9.50% | 64.71% | -16.81% | -84.11% | -52.30% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-120,362K ÷ $1,266,790K
= -9.50%
CNX Resources Corp's pretax margin has shown significant fluctuations over the years. In 2020, the pretax margin was -52.30%, indicating that the company had a negative profitability before taxes. This worsened in 2021, with a pretax margin of -84.11%, reflecting continued financial challenges. However, there was a notable turnaround in 2022, as the pretax margin improved to -16.81%, signaling a potential recovery.
The positive trend continued into 2023, with a pretax margin of 64.71%, indicating strong profitability before taxes. This significant improvement suggests optimized operational efficiency or increased revenue generation. However, in 2024, the pretax margin declined to -9.50%, indicating a drop in profitability compared to the previous year.
Overall, CNX Resources Corp's pretax margin has been volatile, with both positive and negative performances in recent years. It is essential for the company to focus on maintaining or further improving its profitability to ensure long-term financial health and sustainable growth.
Peer comparison
Dec 31, 2024