Crescent Energy Co (CRGY)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | 324,740 | 1,284,160 | 483,739 |
| Revenue | US$ in thousands | 2,451,980 | 3,794,960 | 1,967,760 |
| Operating profit margin | 13.24% | 33.84% | 24.58% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $324,740K ÷ $2,451,980K
= 13.24%
The operating profit margin of Crescent Energy Co has shown fluctuations over the past three years. In 2023, the operating profit margin decreased significantly to 13.24% from 33.84% in 2022. This decline indicates that the company may have experienced challenges in managing its operating expenses relative to its revenue generation during the year. Furthermore, the operating profit margin in 2023 is lower than the margin in 2021, suggesting a potential deterioration in the company's profitability efficiency compared to the prior year. Overall, the decreasing trend in operating profit margin raises concerns about Crescent Energy Co's ability to effectively control its operating costs and optimize its operational performance.
Peer comparison
Dec 31, 2023