Crescent Energy Co (CRGY)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 67,610 | 96,674 | -19,376 |
| Revenue | US$ in thousands | 2,451,980 | 3,794,960 | 1,967,760 |
| Net profit margin | 2.76% | 2.55% | -0.98% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $67,610K ÷ $2,451,980K
= 2.76%
The net profit margin of Crescent Energy Co has shown improvement over the past three years. In 2023, the net profit margin increased to 2.76% from 2.55% in 2022, indicating that the company was able to generate more profit for each dollar of revenue earned. Additionally, the company turned a negative net profit margin of -0.98% in 2021 into a positive figure in 2022 and further improved it in 2023.
This positive trend suggests that Crescent Energy Co has been able to effectively control its expenses relative to its revenue, leading to increased profitability. However, while the company has shown improvement, the net profit margin could still be further enhanced to ensure long-term sustainability and growth of the business.
Peer comparison
Dec 31, 2023