Crescent Energy Co (CRGY)

Gross 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
Gross profit (ttm)	US$ in thousands	1,555,282	1,353,271	1,722,611	1,954,824	1,887,222	1,873,949	2,095,745	2,518,516	2,563,420	2,445,273	2,009,260	1,476,360	1,233,476	902,007	606,266	420,316
Revenue (ttm)	US$ in thousands	2,930,919	2,713,358	2,610,882	2,449,938	2,382,602	2,409,636	2,632,195	3,048,290	3,057,063	2,835,560	2,336,331	1,758,026	1,476,977	1,204,330	942,108	819,828
Gross profit margin		53.06%	49.87%	65.98%	79.79%	79.21%	77.77%	79.62%	82.62%	83.85%	86.24%	86.00%	83.98%	83.51%	74.90%	64.35%	51.27%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,555,282K ÷ $2,930,919K
= 53.06%

The gross profit margin of Crescent Energy Co has shown fluctuations over the past few years based on the provided data. Starting at 51.27% on March 31, 2021, the margin steadily increased reaching a peak of 86.24% on September 30, 2022. This indicates that the company was effectively managing its production costs and generating higher revenues relative to its cost of goods sold during this period.

However, the margin started to decline from that point onwards, dropping to 49.87% by September 30, 2024. This downward trend suggests that Crescent Energy Co may have experienced challenges in maintaining profitability due to factors such as rising input costs, pricing pressures, or decreasing sales volumes.

It is essential for the company to closely monitor and address the factors impacting its gross profit margin to ensure sustainable financial performance and profitability in the future. Periodic reviews and adjustments to pricing strategies, cost controls, and operational efficiencies may help Crescent Energy Co improve its gross profit margin and overall financial health.