CVR Energy Inc (CVI)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 7,000 | 769,000 | 463,000 | 25,000 | -256,000 |
| Revenue | US$ in thousands | 7,610,000 | 9,247,000 | 10,896,000 | 7,242,000 | 3,930,000 |
| Net profit margin | 0.09% | 8.32% | 4.25% | 0.35% | -6.51% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $7,000K ÷ $7,610,000K
= 0.09%
Based on the provided data, CVR Energy Inc's net profit margin has shown fluctuations over the period under consideration.
The company experienced a negative net profit margin of -6.51% in December 2020, indicating that its expenses exceeded its revenue, resulting in a loss. However, the situation improved in the following years.
By December 2021, the net profit margin turned slightly positive at 0.35%, indicating that the company started generating some profit relative to its revenue. The trend continued to improve significantly in the subsequent years.
In December 2022, CVR Energy Inc's net profit margin increased to 4.25%, reflecting improved profitability compared to the previous year. The positive trend further strengthened in December 2023, with a notable net profit margin of 8.32%, indicating that the company was able to convert a higher percentage of its revenue into profit.
However, there was a slight decline in the net profit margin in December 2024, dropping to 0.09%. This could signify potential challenges or factors impacting the company's profitability during that particular period.
Overall, CVR Energy Inc's net profit margin trajectory reflects a mix of challenges and improvements. It is essential for investors and stakeholders to closely monitor these fluctuations and understand the underlying factors influencing the company's profitability.
Peer comparison
Dec 31, 2024