CVR Energy Inc (CVI)
Net profit margin
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 769,000 | 790,000 | 530,000 | 565,000 | 464,000 | 338,000 | 329,000 | 158,000 | 25,000 | -29,000 | -209,000 | -208,000 | -256,000 | -144,000 | 71,000 | 192,000 | 380,000 | 409,000 | 370,000 | 300,000 |
| Revenue (ttm) | US$ in thousands | 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 | 6,533,000 | 6,846,000 | 7,074,000 |
| Net profit margin | 8.32% | 8.12% | 5.35% | 5.23% | 4.26% | 3.27% | 3.46% | 1.94% | 0.35% | -0.46% | -3.89% | -4.88% | -6.52% | -3.29% | 1.42% | 3.20% | 5.97% | 6.26% | 5.40% | 4.24% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $769,000K ÷ $9,246,000K
= 8.32%
CVR Energy Inc's net profit margin has shown a general upward trend over the past eight quarters, indicating an improvement in the company's profitability. In Q4 2023, the net profit margin reached 8.32%, the highest among the reported quarters. This signifies that for every dollar of revenue generated, the company retained 8.32 cents as profit after accounting for all expenses.
The consistent increase in net profit margin from Q1 2022 to Q4 2023 reflects effective cost management or potential revenue growth strategies implemented by the company. The fluctuation in net profit margin during this period demonstrates that CVR Energy Inc's profitability is responsive to internal and external factors impacting its operations.
Overall, the positive trend in net profit margin suggests that CVR Energy Inc has been successful in optimizing its operational efficiency and generating higher profits relative to its revenue in recent quarters. However, it would be essential to monitor future financial performance to assess the sustainability of this profitability trend.
Peer comparison
Dec 31, 2023