Coterra Energy Inc (CTRA)
Gross profit margin
| Dec 31, 2024 | 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 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,492,000 | 4,713,000 | 4,734,000 | 4,688,000 | 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 |
| Revenue (ttm) | US$ in thousands | 5,458,000 | 5,659,000 | 5,656,000 | 5,570,000 | 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 |
| Gross profit margin | 82.30% | 83.28% | 83.70% | 84.17% | 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% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,492,000K ÷ $5,458,000K
= 82.30%
Coterra Energy Inc's gross profit margin has shown fluctuations over the past few years, ranging from a high of 92.81% on March 31, 2020, to a low of 74.96% on December 31, 2021. The company experienced a general downward trend in gross profit margin from the end of 2021 through to the middle of 2022, with a gradual recovery thereafter.
The most notable drop in the gross profit margin occurred between December 31, 2021, and March 31, 2022, declining from 74.96% to 77.52%. This could have been due to various factors such as increased production costs, pricing pressure in the market, or changes in product mix.
However, it is important to note that the gross profit margin started to improve from June 30, 2022, onwards, reaching a peak of 90.39% on March 31, 2023. Despite this improvement, the gross profit margin experienced fluctuations in the following quarters but generally remained at levels above 80%.
Overall, Coterra Energy Inc's gross profit margin demonstrates variability over the period under review, indicating potential fluctuations in the company's ability to generate profits from its core operations. This metric is essential for assessing the company's efficiency in managing production costs and pricing strategies to maintain profitability.
Peer comparison
Dec 31, 2024