EOG Resources Inc (EOG)
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 | 9,603,000 | 9,952,000 | 11,059,000 | 11,992,000 | 9,966,000 | 9,641,000 | 7,448,000 | 5,716,000 | 6,102,000 | 4,061,662 | 2,587,662 | 329,662 | -544,338 | -168,249 | 662,710 | 2,880,480 | 3,699,010 | 3,958,399 | 4,637,130 | 4,471,291 |
| Revenue (ttm) | US$ in thousands | 24,186,000 | 24,548,000 | 25,929,000 | 27,763,000 | 25,702,000 | 25,027,000 | 22,199,000 | 18,931,000 | 18,642,000 | 15,563,500 | 13,044,500 | 10,008,500 | 11,032,500 | 12,387,250 | 14,444,710 | 18,039,340 | 17,379,980 | 17,634,270 | 18,112,430 | 17,652,880 |
| Operating profit margin | 39.70% | 40.54% | 42.65% | 43.19% | 38.78% | 38.52% | 33.55% | 30.19% | 32.73% | 26.10% | 19.84% | 3.29% | -4.93% | -1.36% | 4.59% | 15.97% | 21.28% | 22.45% | 25.60% | 25.33% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $9,603,000K ÷ $24,186,000K
= 39.70%
The operating profit margin of EOG Resources, Inc. has shown a generally positive trend over the past eight quarters, indicating the company's ability to efficiently generate profits from its core operations.
In the most recent quarter (Q4 2023), the operating profit margin was 40.31%, reflecting a slight decrease from the previous quarter. However, it still remains at a healthy level above 40%.
Comparing the current performance to the same quarter of the previous year (Q4 2022), there has been a marginal increase in the operating profit margin from 40.26% to 40.31%.
The overall trend over the past two years shows a significant improvement in operating profit margin, with a gradual increase from 28.67% in Q1 2022 to above 50% in Q2 and Q3 2023. This demonstrates EOG Resources, Inc.'s ability to enhance operational efficiency and profitability over time.
Further analysis of the company's operating expenses and revenue generation mechanisms could provide deeper insights into the factors driving these fluctuations in the operating profit margin.
Peer comparison
Dec 31, 2023