California Resources Corp (CRC)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 376,000 | 564,000 | 524,000 | 612,000 | -28,000 |
| Revenue | US$ in thousands | 3,198,000 | 2,801,000 | 2,707,000 | 1,889,000 | 2,634,000 |
| Net profit margin | 11.76% | 20.14% | 19.36% | 32.40% | -1.06% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $376,000K ÷ $3,198,000K
= 11.76%
California Resources Corp's net profit margin has shown significant fluctuations over the years, reflecting changes in the company's profitability.
- In December 2019, the net profit margin was negative at -1.06%, indicating that the company experienced a net loss relative to its revenue during that period.
- By December 2021, there was a notable turnaround, with the net profit margin increasing to 32.40%, signaling a substantial improvement in profitability and efficiency in generating profits.
- However, in the following years, the net profit margin experienced some variability. It decreased to 19.36% by December 2022, suggesting a relative decline in profitability compared to the previous year.
- In December 2023 and 2024, the net profit margin showed a slight improvement, reaching 20.14% and then declining to 11.76%, respectively.
Overall, the fluctuations in the net profit margin of California Resources Corp indicate shifts in the company's financial performance and efficiency in generating profits over the years. It is important for stakeholders to closely monitor these changes to assess the company's profitability and financial health accurately.
Peer comparison
Dec 31, 2024