Crescent Energy Co (CRGY)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	2,193,917	2,201,600	2,015,502	2,049,678	2,193,975	2,458,197	2,901,993	3,038,980	2,883,421
Revenue (ttm)	US$ in thousands	2,646,661	2,538,498	2,346,426	2,358,036	2,480,668	2,718,370	3,140,656	3,277,012	2,947,635
Gross profit margin		82.89%	86.73%	85.90%	86.92%	88.44%	90.43%	92.40%	92.74%	97.82%

September 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,193,917K ÷ $2,646,661K
= 82.89%

Crescent Energy Co's gross profit margin has shown a decreasing trend over the past several quarters. From a high of 97.82% in September 2022, the gross profit margin has steadily declined to 82.89% in September 2024. This decline indicates that the company's profitability on sales has decreased over time.

While a high gross profit margin is generally seen as favorable, the decreasing trend in Crescent Energy Co's gross profit margin suggests potential challenges in managing production costs or pricing strategies. It may be indicative of increased competition, rising costs of goods sold, or pricing pressures within the industry.

Investors and stakeholders may need to closely monitor the company's cost structure and pricing strategies to ensure sustainable profitability in the future. Further analysis of cost of goods sold, pricing strategies, and industry dynamics would provide additional insights into the factors driving the changes in Crescent Energy Co's gross profit margin.