CVR Energy Inc (CVI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 769,000 | 463,000 | 25,000 | -256,000 | 380,000 |
| Revenue | US$ in thousands | 9,247,000 | 10,896,000 | 7,242,000 | 3,930,000 | 6,364,000 |
| Net profit margin | 8.32% | 4.25% | 0.35% | -6.51% | 5.97% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $769,000K ÷ $9,247,000K
= 8.32%
The net profit margin of CVR Energy Inc has shown a fluctuating trend over the past five years. The company's net profit margin experienced a significant improvement from 2019 to 2020, changing from a negative figure of -6.51% to a positive value of 5.97%. This positive trend continued in the following years, with the net profit margin reaching 0.35% in 2021, 4.25% in 2022, and 8.32% in 2023.
The substantial increase in net profit margin from negative figures to positive values indicates that CVR Energy Inc has undertaken effective cost management strategies and revenue generation initiatives over the years, resulting in improved profitability. The consistent growth in net profit margin demonstrates the company's ability to generate more earnings relative to its revenue.
Overall, the positive trajectory of CVR Energy Inc's net profit margin signifies the company's improving financial performance and efficiency in converting revenue into profits. However, it is important to continue monitoring this metric to ensure sustained profitability and operational effectiveness in the future.
Peer comparison
Dec 31, 2023