California Resources Corp (CRC)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 516,000 | 742,000 | 229,000 | 353,000 | 748,000 | 598,000 | 1,207,000 | 1,338,000 | 761,000 | 962,000 | 486,000 | 109,000 | 216,000 | -225,000 | -357,000 | -517,000 | -2,219,000 | -2,162,000 | -2,039,000 | -1,756,000 |
| 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 |
| Pretax margin | 16.14% | 24.35% | 10.63% | 15.82% | 26.70% | 21.69% | 35.27% | 37.40% | 28.11% | 36.18% | 22.90% | 6.49% | 11.43% | -15.99% | -29.07% | -43.08% | -157.38% | -115.74% | -95.28% | -69.77% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $516,000K ÷ $3,198,000K
= 16.14%
The pretax margin of California Resources Corp has shown significant fluctuations over the analyzed period. Starting from negative figures in March 2020, the company's pretax margin deteriorated further until December 2021, reaching alarming levels as high as -157.38%. However, the performance improved notably in the subsequent periods, with the pretax margin turning positive in December 2021. This positive trend continued through the end of 2024, with pretax margins ranging from 10.63% to 37.40%. The company demonstrated a steady recovery in profitability over time, indicating better cost management or revenue generation strategies implemented during the later periods.
Peer comparison
Dec 31, 2024