Coterra Energy Inc (CTRA)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,625,000 | 4,065,000 | 1,158,000 | 201,000 | 681,000 |
| Revenue | US$ in thousands | 5,914,000 | 9,051,000 | 3,449,000 | 1,466,000 | 2,066,000 |
| Net profit margin | 27.48% | 44.91% | 33.57% | 13.71% | 32.96% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,625,000K ÷ $5,914,000K
= 27.48%
The net profit margin of Coterra Energy Inc has demonstrated volatility over the past five years. In 2022, the company achieved a high net profit margin of 44.82%, indicating efficient cost management and strong revenue generation. However, this figure decreased significantly to 27.39% in 2023, potentially suggesting a decline in profitability compared to the previous year. In 2021, the net profit margin stood at 33.49%, showcasing robust profitability levels. The margin was notably lower in 2020 at 13.67%, suggesting challenges or higher expenses during that period. In 2019, the net profit margin was relatively high at 32.96%, reflecting a healthy level of profitability. Overall, the trend in net profit margin for Coterra Energy Inc indicates fluctuations but generally maintains profitability over the analyzed period.
Peer comparison
Dec 31, 2023