CVR Energy Inc (CVI)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 307,000 | 734,000 | 1,062,000 | 1,272,000 | 1,401,000 | 1,056,000 | 1,240,000 | 1,130,000 | 920,000 | 988,000 | 585,000 | 219,000 | 42,000 | -190,000 | -187,000 | -191,000 | 11,000 | 228,000 | 399,000 | 702,000 |
| Revenue (ttm) | US$ in thousands | 7,845,000 | 8,420,000 | 8,823,000 | 9,246,000 | 9,724,000 | 9,901,000 | 10,809,000 | 10,896,000 | 10,329,000 | 9,513,000 | 8,152,000 | 7,242,000 | 6,248,000 | 5,370,000 | 4,262,000 | 3,929,000 | 4,379,000 | 4,996,000 | 6,008,000 | 6,364,000 |
| Gross profit margin | 3.91% | 8.72% | 12.04% | 13.76% | 14.41% | 10.67% | 11.47% | 10.37% | 8.91% | 10.39% | 7.18% | 3.02% | 0.67% | -3.54% | -4.39% | -4.86% | 0.25% | 4.56% | 6.64% | 11.03% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $307,000K ÷ $7,845,000K
= 3.91%
CVRE Energy Inc's gross profit margin has demonstrated fluctuations over the given time period. Starting at 11.03% in December 2019, the margin declined steadily, reaching negative territory by December 2020. However, there was a gradual improvement in the margin from March 2021 onwards, with positive percentages returning in September 2021. Notably, the trend continued positively, with the gross profit margin ultimately reaching 13.76% by December 2023. There was a slight decrease in the margin by the end of September 2024, settling at 3.91%. Overall, the company experienced a varied performance in terms of gross profit margins, with improvements seen in recent years.
Peer comparison
Dec 31, 2024