Crescent Energy Co (CRGY)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 90,837 | 132,965 | -19,682 |
| Revenue | US$ in thousands | 2,451,980 | 3,794,960 | 1,967,760 |
| Pretax margin | 3.70% | 3.50% | -1.00% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $90,837K ÷ $2,451,980K
= 3.70%
The pretax margin of Crescent Energy Co has shown improvement over the past three years, reflecting the company's ability to control its operating expenses and generate more income before taxes for each dollar of revenue. Specifically, the pretax margin increased from -1.00% in 2021 to 3.50% in 2022, and further improved to 3.70% in 2023. This positive trend indicates that Crescent Energy Co has been managing its costs more efficiently and/or increasing its revenue streams, resulting in higher profitability at the pre-tax level. It is important for the company to continue monitoring and optimizing its operations to sustain or further enhance its pretax margin in the future.
Peer comparison
Dec 31, 2023