Coterra Energy Inc (CTRA)

Operating 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
Operating income (ttm)	US$ in thousands	2,154,000	2,872,000	3,954,000	5,287,000	5,209,000	5,152,000	3,743,000	2,188,000	1,564,000	488,892	384,359	384,075	295,476	354,793	492,103	689,192	955,750	1,074,219	1,120,493	947,717
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
Operating profit margin		36.42%	43.53%	50.94%	57.79%	57.55%	57.27%	54.12%	46.87%	45.35%	29.09%	25.09%	24.94%	20.15%	24.12%	30.58%	38.05%	46.25%	46.28%	45.97%	40.22%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,154,000K ÷ $5,914,000K
= 36.42%

Coterra Energy Inc's operating profit margin has shown fluctuations over the past eight quarters, ranging from a low of 36.22% in Q4 2023 to a high of 57.77% in Q1 2023. The trend indicates a general decrease in the operating profit margin over time, with the margin steadily declining from Q1 2023 to Q4 2023. This suggests potential challenges in managing operating expenses or maintaining revenue levels. Further analysis of the company's cost structure and revenue generation may be warranted to address the downward trend in operating profit margin.