Crescent Energy Co (CRGY)
Operating 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
Operating income (ttm) | US$ in thousands | 214,583 | 363,539 | 308,192 | 324,740 | 460,067 | 736,100 | 1,171,904 | 1,284,165 | 1,341,844 |
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 |
Operating profit margin | 8.11% | 14.32% | 13.13% | 13.77% | 18.55% | 27.08% | 37.31% | 39.19% | 45.52% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $214,583K ÷ $2,646,661K
= 8.11%
The operating profit margin of Crescent Energy Co has exhibited a declining trend over the past few periods, as shown in the data provided. The margin stood at 8.11% in the most recent period, Sep 30, 2024, decreasing from 14.32% in the previous quarter, indicating a notable drop in profitability.
This decline in operating profit margin may raise concerns regarding the company's ability to control its operating costs and generate profits from its core business operations. A lower operating profit margin suggests that Crescent Energy Co is retaining a smaller portion of revenue as profit after accounting for operating expenses.
Further analysis would be required to understand the specific factors contributing to the declining trend in the operating profit margin. It may be beneficial for stakeholders to investigate the company's cost structure, pricing strategy, operational efficiency, and revenue generation capabilities to address any potential issues impacting profitability.
Peer comparison
Sep 30, 2024