California Resources Corp (CRC)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2019	Dec 31, 2018
Net income	US$ in thousands	564,000	524,000	612,000	-28,000	328,000
Revenue	US$ in thousands	2,801,000	2,707,000	1,889,000	2,634,000	3,064,000
Net profit margin		20.14%	19.36%	32.40%	-1.06%	10.70%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $564,000K ÷ $2,801,000K
= 20.14%

California Resources Corporation has shown a relatively stable net profit margin over the past three years. In 2021, the company reported a high net profit margin of 32.40%, which then decreased slightly to 19.36% in 2022. However, in 2023, the net profit margin improved to 20.14%, indicating an increase in profitability compared to the previous year. Despite the slight fluctuations, the company has been able to maintain a healthy level of profitability as indicated by its positive net profit margin figures each year.