CVR Energy Inc (CVI)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,122,000 | 1,236,000 | 894,000 | 1,072,000 | 962,000 | 766,000 | 838,000 | 442,000 | 87,000 | -81,000 | -302,000 | -334,000 | -334,000 | -138,000 | 67,000 | 285,000 | 580,000 | 635,000 | 640,000 | 556,000 |
| 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 |
| Operating profit margin | 12.13% | 12.71% | 9.03% | 9.92% | 8.83% | 7.42% | 8.81% | 5.42% | 1.20% | -1.30% | -5.62% | -7.84% | -8.50% | -3.15% | 1.34% | 4.74% | 9.11% | 9.72% | 9.35% | 7.86% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,122,000K ÷ $9,246,000K
= 12.13%
The operating profit margin of CVR Energy Inc has shown fluctuations over the past eight quarters. In Q4 2022, the operating profit margin was 8.94%, which increased to 12.17% in Q4 2023, reflecting an improvement in profitability.
Quarterly variations can indicate the company's ability to manage costs and generate profits efficiently. In Q3 2023, the operating profit margin was at its highest at 12.83%, indicating strong profitability during that period. However, it dipped slightly to 9.15% in Q2 2023 before recovering to 10.03% in Q1 2023.
Comparing year-over-year performance, the operating profit margin has generally shown improvement from the previous year's corresponding quarters. For instance, Q4 2023 had a higher operating profit margin of 12.17% compared to 7.43% in Q3 2022, reflecting positive growth in profitability.
Overall, the trend in CVR Energy Inc's operating profit margin indicates fluctuating but generally improving profitability over the past eight quarters, with potential focus areas for further efficiency and cost management.
Peer comparison
Dec 31, 2023