California Resources Corp (CRC)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 620,000 | 808,000 | 812,000 | 293,000 | 429,000 |
| Revenue | US$ in thousands | 3,198,000 | 2,801,000 | 2,707,000 | 1,889,000 | 2,634,000 |
| Operating profit margin | 19.39% | 28.85% | 30.00% | 15.51% | 16.29% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $620,000K ÷ $3,198,000K
= 19.39%
The operating profit margin of California Resources Corp has displayed some variability over the years. As of December 31, 2019, the company's operating profit margin stood at 16.29%, showing a moderate level of profitability relative to its revenue. Over the following years, there was a slight decline to 15.51% by December 31, 2021, which could be indicative of potential operational challenges or increased costs.
However, the company saw a significant improvement in its operating profit margin to 30.00% by December 31, 2022, suggesting enhanced operational efficiency or successful cost management strategies. This positive trend continued in 2023 with an operating profit margin of 28.85%, indicating sustained profitability.
By December 31, 2024, the operating profit margin experienced a decline to 19.39%. While still above the levels seen in the earlier years, this decrease may warrant further investigation into the company's financial performance and operational dynamics.
Overall, the analysis of California Resources Corp's operating profit margin highlights a mix of fluctuations and improvements in profitability over the years, indicating variable operational performance and the need for ongoing monitoring and evaluation.
Peer comparison
Dec 31, 2024