California Resources Corp (CRC)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 516,000 | 748,000 | 761,000 | 216,000 | -27,000 |
| Revenue | US$ in thousands | 3,198,000 | 2,801,000 | 2,707,000 | 1,889,000 | 2,634,000 |
| Pretax margin | 16.14% | 26.70% | 28.11% | 11.43% | -1.03% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $516,000K ÷ $3,198,000K
= 16.14%
The pretax margin of California Resources Corp has shown significant fluctuations over the years. Starting at a negative margin of -1.03% in December 2019, the company has displayed a notable improvement, reaching 11.43% by the end of 2021. This positive trend continued into 2022 and 2023, with pretax margins of 28.11% and 26.70%, respectively. However, in 2024, there was a slight decline to a pretax margin of 16.14%. Overall, the company has demonstrated an ability to generate higher levels of pretax profit relative to its revenue in recent years, with the most substantial improvement occurring between 2019 and 2021.
Peer comparison
Dec 31, 2024