Crescent Energy Co (CRGY)

Net 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
Net income (ttm)	US$ in thousands	-114,605	58,969	16,044	-16,352	263,427	257,250	865,469	1,142,216	480,598	411,864	-305,528	-860,287	-620,548	-671,162	-745,286	-151,703
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
Net profit margin		-3.91%	2.17%	0.61%	-0.67%	11.06%	10.68%	32.88%	37.47%	15.72%	14.52%	-13.08%	-48.93%	-42.01%	-55.73%	-79.11%	-18.50%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-114,605K ÷ $2,930,919K
= -3.91%

Crescent Energy Co's net profit margin has shown significant fluctuations over the periods indicated. The company experienced negative net profit margins in the initial periods, with percentages ranging from -18.50% to -79.11%. This suggests that the company was incurring losses relative to its revenue during these times.

However, there was a noticeable improvement in profitability starting from March 31, 2022, with the net profit margin becoming positive and gradually increasing in subsequent quarters. By September 30, 2022, the net profit margin had turned positive at 14.52% and continued to rise to 15.72% by December 31, 2022.

The upward trend in profitability continued into 2023, with the net profit margin reaching 37.47% by March 31 and remaining at levels above 10% throughout the year. However, in the later periods of 2024, the net profit margin experienced some volatility, fluctuating between -3.91% and 2.17%.

Overall, Crescent Energy Co's net profit margin has shown a significant improvement from negative figures to positive territory, indicating enhanced profitability and efficiency in managing costs and generating net income over time.