California Resources Corp (CRC)
Operating profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 808,000 | 657,000 | 1,263,000 | 1,394,000 | 812,000 | 1,012,000 | 543,000 | 175,000 | 291,000 | -147,000 | -282,000 | -307,000 | -1,883,000 | -1,675,000 | -1,514,000 | -1,277,000 | 429,000 | 792,000 | 829,000 | 718,000 |
| Revenue (ttm) | US$ in thousands | 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 | 2,634,000 | 3,102,000 | 3,249,000 | 3,145,000 |
| Operating profit margin | 28.85% | 23.83% | 36.91% | 38.96% | 30.00% | 38.06% | 25.59% | 10.42% | 15.40% | -10.45% | -22.96% | -25.58% | -133.55% | -89.67% | -70.75% | -50.74% | 16.29% | 25.53% | 25.52% | 22.83% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $808,000K ÷ $2,801,000K
= 28.85%
California Resources Corporation's operating profit margin has shown some fluctuations over the past five quarters. In Q1 2023 and Q2 2023, the company exhibited strong operating profit margins of 38.68% and 36.65%, respectively. However, in Q3 2023, the operating profit margin decreased to 23.47%, showing a significant decline. The latest quarter, Q4 2023, saw a slight improvement with an operating profit margin of 27.49%, although still lower than the margins seen in the first two quarters of the year. Comparing to the same quarter a year ago (Q4 2022), the operating profit margin has remained relatively stable around the 27-28% range. Overall, while there have been fluctuations, the company has managed to maintain a healthy operating profit margin above 20% in the recent quarters.
Peer comparison
Dec 31, 2023