CVR Energy Inc (CVI)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 205,000 | 1,273,000 | 1,130,000 | 218,000 | -189,000 |
| Revenue | US$ in thousands | 7,610,000 | 9,247,000 | 10,896,000 | 7,242,000 | 3,930,000 |
| Gross profit margin | 2.69% | 13.77% | 10.37% | 3.01% | -4.81% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $205,000K ÷ $7,610,000K
= 2.69%
The gross profit margin of CVR Energy Inc has shown fluctuations over the years based on the provided data. In December 2020, the company experienced a negative gross profit margin of -4.81%, indicating that its cost of goods sold exceeded its revenues from sales. However, there was a significant improvement in December 2021, with the gross profit margin increasing to 3.01%.
Subsequently, the gross profit margin continued to rise, reaching 10.37% by December 2022 and further increasing to 13.77% by December 2023, indicating that the company was able to effectively control its production costs and generate higher profits from its core business activities. However, in December 2024, the gross profit margin decreased to 2.69%, suggesting a potential challenge in maintaining profitability in that particular period.
Overall, the trend in CVR Energy Inc's gross profit margin reflects varying levels of operational efficiency and profitability over the years, highlighting the importance of closely monitoring cost management strategies and revenue generation efforts to sustain healthy margins and financial performance.
Peer comparison
Dec 31, 2024