Crescent Energy Co (CRGY)

Net 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
Net income (ttm)	US$ in thousands	58,969	16,044	-16,352	67,610	20,865	192,096	241,468	96,674	68,508
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
Net profit margin		2.23%	0.63%	-0.70%	2.87%	0.84%	7.07%	7.69%	2.95%	2.32%

September 30, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $58,969K ÷ $2,646,661K
= 2.23%

The net profit margin for Crescent Energy Co has displayed variability over the past nine quarters. The trend indicates fluctuations in the company's profitability relative to its revenue during this period. The net profit margin ranged from a low of -0.70% in March 2024 to a high of 7.69% in March 2023, showing significant volatility.

It is noteworthy that the company experienced a negative net profit margin in March 2024, suggesting that expenses exceeded revenues during that quarter. However, Crescent Energy Co managed to rebound in the following quarter, achieving a net profit margin of 2.87% in December 2023.

Overall, the net profit margin has been relatively stable in recent quarters, with values ranging from 0.63% to 7.69%. Analysts and investors may want to further investigate the factors contributing to these fluctuations in profitability to assess the company's financial health and performance.