California Resources Corp (CRC)
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 | 376,000 | 531,000 | 164,000 | 253,000 | 564,000 | 459,000 | 907,000 | 1,000,000 | 524,000 | 1,155,000 | 832,000 | 531,000 | 612,000 | -225,000 | -357,000 | -517,000 | -2,219,000 | -2,163,000 | -2,040,000 | -1,757,000 |
| 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 |
| Net profit margin | 11.76% | 17.43% | 7.61% | 11.34% | 20.14% | 16.65% | 26.50% | 27.95% | 19.36% | 43.44% | 39.21% | 31.63% | 32.40% | -15.99% | -29.07% | -43.08% | -157.38% | -115.79% | -95.33% | -69.81% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $376,000K ÷ $3,198,000K
= 11.76%
The net profit margin of California Resources Corp has exhibited significant fluctuations over the period from March 31, 2020, to December 31, 2024. Initially, the company faced negative net profit margins, indicating losses exceeding revenues in the early quarters. However, as the data progresses, there is an observable trend of improvement in the net profit margin figures.
From December 31, 2021, onwards, California Resources Corp began to report positive net profit margins, indicating that the company is generating profits relative to its revenue. The net profit margin witnessed a steady increase post-2021 until peaking at 43.44% on September 30, 2022. Subsequently, there was a slight decline in the net profit margin in the following quarters, stabilizing around the 20% range.
Overall, the positive trend in the net profit margin after 2021 suggests that California Resources Corp has been able to enhance its profitability and efficiency in converting revenues into profits. It is a positive indicator of the company's financial health and management's ability to effectively control costs and improve operational performance.
Peer comparison
Dec 31, 2024