EQT Corporation (EQT)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 62.02% | 62.62% | 17.86% | 21.94% | 27.34% |
| Operating profit margin | 33.50% | 36.25% | -44.41% | -28.69% | -26.09% |
| Pretax margin | 30.46% | 31.01% | -51.25% | -41.00% | -36.17% |
| Net profit margin | 25.12% | 23.62% | -37.29% | -31.35% | -27.66% |
The profitability ratios of EQT Corp have shown fluctuating trends over the past five years.
- Gross profit margin has remained consistently high at 100% throughout the period, indicating the company's ability to effectively manage its production costs.
- Operating profit margin experienced significant fluctuations, with a peak of 42.12% in 2022, followed by a sharp decline to -32.64% in 2021, before recovering slightly to 36.55% in 2023. This suggests fluctuations in the company's operational efficiency and cost management.
- Pretax margin also showed variability, with a positive peak of 31.14% in 2022, offset by negative margins in 2021 and 2023. The negative margins in 2021 and 2023 indicate challenges in generating consistent pre-tax profits.
- Net profit margin, while positive in most years, showed a notable decline in 2021 and 2023, reaching -37.71% and -27.66% respectively. This indicates that after-tax profitability was impacted by expenses or losses in those years.
Overall, the fluctuations in operating, pretax, and net profit margins suggest that EQT Corp may have encountered challenges in maintaining consistent profitability over the years, despite maintaining a high gross profit margin. Further analysis of the company's cost management, revenue generation, and operational efficiencies may be necessary to understand the underlying factors driving these trends.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 9.15% | 11.99% | -6.30% | -4.85% | -6.13% |
| Return on assets (ROA) | 6.86% | 7.81% | -5.29% | -5.29% | -6.50% |
| Return on total capital | 11.46% | 15.67% | -8.84% | -7.09% | -9.27% |
| Return on equity (ROE) | 11.75% | 15.85% | -11.48% | -10.36% | -12.46% |
The profitability ratios of EQT Corp indicate a mixed performance over the past five years.
Operating return on assets (Operating ROA) has shown a declining trend from 2019 to 2023, with a notable improvement in 2022 but a subsequent decrease in 2023. This ratio measures the company's ability to generate operating income from its assets.
Return on assets (ROA) has fluctuated over the years, with positive values in 2023 and 2022 after negative values in 2021, 2020, and 2019. ROA reflects the company's overall profitability in relation to its total assets.
Return on total capital has displayed variability, with a significant increase in 2022 but a decrease in 2023. This ratio evaluates the company's efficiency in generating returns from both debt and equity capital.
Return on equity (ROE) has experienced ups and downs over the period, showing a positive trend in 2023 compared to negative values in 2021, 2020, and 2019. ROE assesses the company's ability to generate profits from shareholders' equity.
Overall, while there have been fluctuations in profitability ratios, EQT Corp has managed to improve its profitability in recent years, as evidenced by positive ROA and ROE values in 2023. Continued monitoring of these ratios will be essential to assess the company's financial health and performance.