Coterra Energy Inc (CTRA)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,345,000 | 2,128,000 | 5,169,000 | 1,502,000 | 242,000 |
| Revenue | US$ in thousands | 5,458,000 | 5,914,000 | 9,051,000 | 3,449,000 | 1,466,000 |
| Pretax margin | 24.64% | 35.98% | 57.11% | 43.55% | 16.51% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,345,000K ÷ $5,458,000K
= 24.64%
Coterra Energy Inc's pretax margin has shown varying trends over the years. In December 2020, the pretax margin stood at 16.51%, indicating that for every dollar of revenue generated, the company retained around 16.51 cents as profit before taxes.
However, there was a significant improvement in performance by December 2021, with the pretax margin increasing to 43.55%. This suggests that the company was able to effectively manage its expenses and increase profitability during that period.
The trend continued positively in December 2022, with the pretax margin further increasing to 57.11%, showcasing robust financial performance. This substantial rise possibly indicates efficient cost management strategies or revenue growth initiatives.
By December 2023, there was a decrease in the pretax margin to 35.98%, which, although lower than the previous year, still indicates a healthy profitability level for the company.
In December 2024, the pretax margin dropped further to 24.64%, signifying a declining trend in profitability compared to the previous year. This decline could be due to various factors such as increased expenses or a decrease in revenue.
Overall, from 2020 to 2024, Coterra Energy Inc's pretax margin has fluctuated, showcasing moments of significant improvement followed by slight declines. It is essential for the company to analyze the reasons behind these fluctuations to sustain and enhance profitability in the future.
Peer comparison
Dec 31, 2024