EOG Resources Inc (EOG)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 96.16% | 95.99% | 94.80% | 75.96% | 93.88% |
| Operating profit margin | 39.70% | 38.78% | 32.73% | -4.93% | 21.28% |
| Pretax margin | 40.06% | 38.52% | 31.83% | -6.70% | 20.40% |
| Net profit margin | 31.40% | 30.19% | 25.02% | -5.48% | 15.74% |
The profitability ratios of EOG Resources, Inc. show a positive trend over the years. The gross profit margin has remained consistently high at 100% from 2019 to 2023, indicating efficient cost management and strong pricing power.
The operating profit margin has also shown improvement, increasing from 23.88% in 2019 to 40.31% in 2023. This suggests that EOG Resources has been able to control its operating expenses effectively and generate higher returns from its core operations.
The pretax margin has followed a similar upward trajectory, rising from -6.67% in 2020 to 40.22% in 2023. This improvement indicates that the company has been more successful in managing its overall costs and generating profits before accounting for taxes.
The net profit margin has also shown significant improvement, increasing from -5.46% in 2020 to 31.52% in 2023. This indicates that EOG Resources has been able to turn its revenues into profits more efficiently and effectively over the years.
Overall, the profitability ratios of EOG Resources, Inc. demonstrate a positive trend, reflecting the company's ability to improve its profitability and operational efficiency.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 21.90% | 24.09% | 15.96% | -1.52% | 9.96% |
| Return on assets (ROA) | 17.32% | 18.75% | 12.20% | -1.69% | 7.37% |
| Return on total capital | 30.88% | 35.28% | 22.42% | -2.11% | 14.46% |
| Return on equity (ROE) | 27.03% | 31.31% | 21.03% | -2.98% | 12.64% |
EOG Resources, Inc. has demonstrated strong profitability over the last five years based on the provided ratios.
1. Operating return on assets (Operating ROA) has shown a generally positive trend, starting at 11.10% in 2019 and increasing to 22.14% in 2023. This indicates that the company's operating income generated from its assets has been increasing over time.
2. Return on assets (ROA) has also shown improvement, with negative returns in 2020 turning into positive figures in subsequent years. The ratio increased from -1.69% in 2020 to 17.32% in 2023, suggesting that the company has been more efficient in generating profits from its total assets.
3. Return on total capital has exhibited a similar positive trend, increasing from 6.19% in 2020 to 30.45% in 2023. This indicates that EOG Resources has been effective in generating returns for both equity and debt holders over the years.
4. Return on equity (ROE) has seen significant fluctuations, with negative returns in 2020 but showing improvement in subsequent years. The ratio increased from -2.98% in 2020 to 27.03% in 2023, signifying that the company has been able to generate higher returns for its shareholders in recent years.
Overall, the profitability ratios of EOG Resources, Inc. reflect a positive trajectory, indicating improving efficiency in utilizing assets and capital to generate profits for the company and its shareholders.