California Resources Corp (CRC)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,679,000 | 2,439,000 | 2,397,000 | 1,546,000 | 429,000 |
| Revenue | US$ in thousands | 3,198,000 | 2,801,000 | 2,707,000 | 1,889,000 | 2,634,000 |
| Gross profit margin | 83.77% | 87.08% | 88.55% | 81.84% | 16.29% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,679,000K ÷ $3,198,000K
= 83.77%
The gross profit margin of California Resources Corp has shown significant improvement over the years based on the provided data. Starting at 16.29% on December 31, 2019, the gross profit margin increased to 81.84% by December 31, 2021, and continued to rise to 88.55% by December 31, 2022. Subsequently, the margin slightly declined to 87.08% by December 31, 2023 but remained relatively high. By December 31, 2024, the gross profit margin stood at 83.77%, reflecting a strong performance in generating profits from its core operations. This trend indicates that the company has been effectively managing its cost of goods sold and increasing its revenue, resulting in improved profitability over the years.
Peer comparison
Dec 31, 2024