Coterra Energy Inc (CTRA)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,154,000 | 5,209,000 | 1,564,000 | 296,000 | 956,000 |
| Revenue | US$ in thousands | 5,914,000 | 9,051,000 | 3,449,000 | 1,466,000 | 2,066,000 |
| Operating profit margin | 36.42% | 57.55% | 45.35% | 20.19% | 46.27% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,154,000K ÷ $5,914,000K
= 36.42%
Based on the data provided, Coterra Energy Inc's operating profit margin has exhibited fluctuations over the past five years. The operating profit margin was at its highest in 2017 at 57.56%, indicating that the company was able to generate a significant percentage of profit from its core operations relative to its revenue at that time.
However, in 2020, the operating profit margin dropped to 20.18%, which suggests a decrease in the efficiency of the company's operations in generating profits. This could be attributed to various factors such as increased operating expenses, lower revenues, or operational inefficiencies.
In 2021, the operating profit margin improved to 45.40%, indicating that the company was able to enhance its operational efficiency and profitability compared to the previous year. The operating profit margin further increased to 36.22% in 2023, signaling a positive trend in the company's ability to generate profits from its core business activities.
Overall, Coterra Energy Inc's operating profit margin has shown fluctuations over the years, reflecting changes in the company's profitability and operational efficiency. It is important for the company to consistently monitor and manage its operating expenses and revenue generation to maintain a healthy operating profit margin in the long run.
Peer comparison
Dec 31, 2023