California Resources Corp (CRC)

Gross 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
Gross profit (ttm)	US$ in thousands	2,025,000	2,639,000	1,806,000	1,890,000	2,449,000	2,405,000	3,078,000	3,247,000	2,397,000	2,348,000	1,791,000	1,355,000	1,573,000	1,157,000	1,003,000	968,000	-574,000	-2,042,000	-1,772,000	-1,405,000
Revenue (ttm)	US$ in thousands	3,198,000	3,047,000	2,154,000	2,231,000	2,801,000	2,757,000	3,422,000	3,578,000	2,707,000	2,659,000	2,122,000	1,679,000	1,889,000	1,407,000	1,228,000	1,200,000	1,410,000	1,868,000	2,140,000	2,517,000
Gross profit margin		63.32%	86.61%	83.84%	84.72%	87.43%	87.23%	89.95%	90.75%	88.55%	88.30%	84.40%	80.70%	83.27%	82.23%	81.68%	80.67%	-40.71%	-109.31%	-82.80%	-55.82%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,025,000K ÷ $3,198,000K
= 63.32%

The gross profit margin of California Resources Corp experienced significant fluctuations over the past few years. Starting with negative values in the first three quarters of 2020, the margin improved notably and turned positive in the subsequent quarters, reaching its peak at 90.75% in March 31, 2023. However, there were some fluctuations in the following periods, with the margin stabilizing at around the high 80% range in the latter half of 2023 and early 2024. The significant drop to 63.32% in December 31, 2024 may indicate potential challenges in maintaining profitability. Overall, the company has shown improvement in its gross profit margin over time, with occasional fluctuations that may require further analysis to understand the underlying factors influencing the profitability.