Coterra Energy Inc (CTRA)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,625,000 | 2,241,000 | 3,114,000 | 4,134,000 | 4,065,000 | 3,971,000 | 2,839,000 | 1,640,000 | 1,158,000 | 351,677 | 272,716 | 273,090 | 201,000 | 216,193 | 321,512 | 472,147 | 681,000 | 809,175 | 841,154 | 702,576 |
| 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 |
| Net profit margin | 27.48% | 33.96% | 40.12% | 45.19% | 44.91% | 44.14% | 41.05% | 35.13% | 33.57% | 20.92% | 17.80% | 17.73% | 13.70% | 14.69% | 19.98% | 26.07% | 32.96% | 34.86% | 34.51% | 29.81% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,625,000K ÷ $5,914,000K
= 27.48%
Coterra Energy Inc's net profit margin has been fluctuating over the past eight quarters. It decreased continuously from Q1 2022 to Q4 2023, dropping from 35.06% to 27.39%. This downward trend is concerning as it indicates a decrease in profitability relative to revenues. However, it's worth noting that Coterra Energy Inc's net profit margins were relatively high in the preceding quarters, reaching a peak of 45.10% in Q1 2023. Overall, the company has shown strong profitability in the past, but recent quarters have seen a decline in net profit margins, warranting further investigation into the factors influencing this trend.
Peer comparison
Dec 31, 2023