Coterra Energy Inc (CTRA)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,487,000 | 5,038,000 | 8,134,000 | 2,583,000 | 1,059,920 |
| Revenue | US$ in thousands | 5,458,000 | 5,914,000 | 9,051,000 | 3,449,000 | 1,466,000 |
| Gross profit margin | 82.21% | 85.19% | 89.87% | 74.89% | 72.30% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,487,000K ÷ $5,458,000K
= 82.21%
Coterra Energy Inc's gross profit margin has shown a positive trend over the past five years, indicating the company's ability to efficiently generate revenue after accounting for the cost of goods sold. The margin increased from 72.30% in December 2020 to 74.89% in December 2021, reflecting improved profitability.
In December 2022, the gross profit margin experienced a significant leap to 89.87%, showcasing a substantial enhancement in the company's operational efficiency and profitability. However, in the subsequent years, the margin decreased slightly to 85.19% in December 2023 and further to 82.21% in December 2024, although remaining relatively high.
Overall, Coterra Energy Inc's gross profit margin demonstrates a generally positive performance, with fluctuations in recent years possibly indicating varying economic conditions or changes in the company's cost structure. Such fluctuations should be further investigated to understand their underlying causes and potential impacts on the company's financial health and competitive position.
Peer comparison
Dec 31, 2024