Crescent Energy Co (CRGY)

Operating 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
Operating income (ttm)	US$ in thousands	199,013	195,134	344,090	308,192	324,740	609,391	885,424	1,321,228	1,433,489	1,341,845	1,057,882	658,524	483,739	228,530	-304,973	78,361
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
Operating profit margin		6.79%	7.19%	13.18%	12.58%	13.63%	25.29%	33.64%	43.34%	46.89%	47.32%	45.28%	37.46%	32.75%	18.98%	-32.37%	9.56%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $199,013K ÷ $2,930,919K
= 6.79%

Crescent Energy Co's operating profit margin has displayed fluctuations over the quarters, indicating the company's ability to generate profits from its core operations.

The operating profit margin started at a modest 9.56% as of March 31, 2021, which then significantly declined to -32.37% by June 30, 2021, suggesting a potential loss-making quarter. However, the company quickly recovered and saw a substantial improvement in profitability, achieving an operating profit margin of 18.98% by September 30, 2021.

Crescent Energy Co's operating profit margin continued to strengthen throughout 2022, reaching a peak of 47.32% by September 30, 2022, before gradually tapering off in the following quarters. The margin fluctuated between 43.34% and 6.79% from March 31, 2023, to December 31, 2024.

The downward trend in the latter half of 2023 and 2024 suggests potential challenges in maintaining profitability or controlling costs. It would be essential for Crescent Energy Co to closely monitor its operating expenses and revenue streams to sustain and improve its operating profit margin in the future quarters.