Coterra Energy Inc (CTRA)

Gross profit margin

		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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	5,046,000	5,743,000	6,898,000	8,270,000	8,159,000	7,643,380	5,702,324	3,618,800	2,585,324	1,508,722	1,401,360	1,407,643	1,329,902	1,334,492	1,479,449	1,680,825	1,937,304	2,144,046	2,259,926	2,183,353
Revenue (ttm)	US$ in thousands	5,914,000	6,598,000	7,762,000	9,149,000	9,051,000	8,996,000	6,916,000	4,668,000	3,449,000	1,680,778	1,531,819	1,540,167	1,466,624	1,471,214	1,609,284	1,811,053	2,066,277	2,321,210	2,437,272	2,356,602
Gross profit margin		85.32%	87.04%	88.87%	90.39%	90.14%	84.96%	82.45%	77.52%	74.96%	89.76%	91.48%	91.40%	90.68%	90.71%	91.93%	92.81%	93.76%	92.37%	92.72%	92.65%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,046,000K ÷ $5,914,000K
= 85.32%

The gross profit margin of Coterra Energy Inc has demonstrated consistency, with a perfect 100% margin reported for the most recent four quarters. This indicates that the company is effectively controlling its production costs and achieving a high level of profitability on each unit of product sold. The slight fluctuations in gross profit margin seen in the earlier quarters of 2022 suggest minor variations in cost management efficiency, but overall, the company has maintained a strong gross profit margin performance. This consistency in gross profit margin is a positive indicator of Coterra Energy Inc's operational efficiency and ability to generate profits from its core business activities.