Coterra Energy Inc (CTRA)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 5,038,000 | 8,134,000 | 2,583,000 | 1,059,920 | 1,891,020 |
| Revenue | US$ in thousands | 5,914,000 | 9,051,000 | 3,449,000 | 1,466,000 | 2,066,000 |
| Gross profit margin | 85.19% | 89.87% | 74.89% | 72.30% | 91.53% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $5,038,000K ÷ $5,914,000K
= 85.19%
The gross profit margin of Coterra Energy Inc has remained consistently at 100.00% for the past five years, from 2019 to 2023. This indicates that the company is effectively managing its production costs and generating a high margin on its sales. A gross profit margin of 100.00% suggests that the company is able to sell its products or services at a price significantly above the cost of producing them. This could be a sign of operational efficiency, pricing power, or a favorable product mix. Overall, Coterra Energy Inc's stable and high gross profit margin over the years is a positive indicator of its financial health and profitability.
Peer comparison
Dec 31, 2023