ConocoPhillips (COP)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 9,245,000 | 9,946,000 | 10,685,000 | 10,588,000 | 10,957,000 | 11,199,000 | 12,928,000 | 15,824,000 | 18,663,000 | 18,041,000 | 15,893,000 | 12,856,000 | 8,079,000 | 4,680,000 | 1,851,000 | 20,000 | -2,701,000 | -1,209,000 | 2,297,000 | 3,617,000 |
| Revenue (ttm) | US$ in thousands | 55,276,000 | 55,684,000 | 56,330,000 | 55,093,000 | 56,056,000 | 59,970,000 | 66,733,000 | 75,543,000 | 78,494,000 | 75,056,000 | 65,369,000 | 53,764,000 | 45,828,000 | 36,199,000 | 29,259,000 | 22,452,000 | 18,784,000 | 21,001,000 | 24,371,000 | 29,575,000 |
| Net profit margin | 16.73% | 17.86% | 18.97% | 19.22% | 19.55% | 18.67% | 19.37% | 20.95% | 23.78% | 24.04% | 24.31% | 23.91% | 17.63% | 12.93% | 6.33% | 0.09% | -14.38% | -5.76% | 9.43% | 12.23% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $9,245,000K ÷ $55,276,000K
= 16.73%
ConocoPhillips' net profit margin has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The company's net profit margin started at 12.23% in March 2020 and showed a decreasing trend to reach -14.38% by December 2020, indicating a significant decline in profitability.
However, from the beginning of 2021, there was a notable recovery in the net profit margin, with the company gradually improving its profitability. By December 2022, ConocoPhillips' net profit margin had recovered to 23.78%, showing a strong rebound in profitability over the previous two years.
Subsequently, the net profit margin remained relatively stable around the mid-20% range from March 2023 to June 2024, indicating a sustained level of profitability for the company during this period.
In the last quarter of 2024, there was a slight decline in the net profit margin to 16.73%, which might be worth monitoring to understand the potential factors influencing this change.
Overall, ConocoPhillips' net profit margin has shown resilience and improvement over the analyzed period, with the company successfully navigating through challenging economic conditions and demonstrating an ability to enhance profitability over time.
Peer comparison
Dec 31, 2024