CVR Energy Inc (CVI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,123,000 | 963,000 | 87,000 | -333,000 | 580,000 |
| Revenue | US$ in thousands | 9,247,000 | 10,896,000 | 7,242,000 | 3,930,000 | 6,364,000 |
| Operating profit margin | 12.14% | 8.84% | 1.20% | -8.47% | 9.11% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,123,000K ÷ $9,247,000K
= 12.14%
The operating profit margin of CVR Energy Inc has exhibited significant fluctuations over the past five years.
In 2019, the operating profit margin stood at a favorable 9.05%, indicating the company's ability to generate profits from its core operations. However, this trend was reversed in 2020 when the operating profit margin dipped to -7.25%, signaling a period of operational challenges and potentially inefficient cost management.
The company managed to improve its operating profit margin in the subsequent years, with 2021 showing a modest recovery to 1.24% and 2022 further improving to 8.94%. The most recent data for December 31, 2023, reveals a notable increase in the operating profit margin to 12.17%, suggesting improved operational efficiency and stronger profitability.
Overall, CVR Energy Inc's operating profit margin has displayed a volatile performance, with recent years showing a positive trajectory and an upward trend, indicating potential improvements in the company's operations and financial performance.
Peer comparison
Dec 31, 2023