California Resources Corp (CRC)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 620,000 | 835,000 | 302,000 | 411,000 | 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 |
| 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 |
| Operating profit margin | 19.39% | 27.40% | 14.02% | 18.42% | 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% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $620,000K ÷ $3,198,000K
= 19.39%
California Resources Corp's operating profit margin has shown a significant improvement over the given period from negative figures at the end of 2020 to positive margins by the end of 2021 and continuing to increase gradually through 2024. The company experienced a turnaround in profitability, with the margin fluctuating between negative and positive levels in the initial years but consistently improving later on. The operating profit margin reached its lowest point in the fourth quarter of 2020, indicating financial challenges at that time. However, the company managed to enhance its operational efficiency and cost management, leading to a positive operating profit margin by the end of the period, reflecting a healthier financial performance in the later years. This upward trend in operating profit margin suggests that California Resources Corp has been able to enhance its profitability and financial stability over time. Further analysis and comparison with industry peers would provide a more comprehensive understanding of the company's performance within the sector.
Peer comparison
Dec 31, 2024