EQT Corporation (EQT)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	2,545,680	4,284,660	4,694,920	547,352	670,978
Revenue	US$ in thousands	5,273,310	6,908,920	7,497,690	3,064,660	3,058,840
Gross profit margin		48.27%	62.02%	62.62%	17.86%	21.94%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,545,680K ÷ $5,273,310K
= 48.27%

Based on the provided data, EQT Corporation's gross profit margin has demonstrated fluctuations over the past five years.

In December 31, 2020, EQT Corporation's gross profit margin stood at 21.94%, which suggests that the company retained approximately 21.94% of its revenue after accounting for the cost of goods sold.

The gross profit margin saw a decline in the following year, dropping to 17.86% by December 31, 2021, indicating tighter margins or increased costs relative to revenue during that period.

However, there was a significant improvement in the gross profit margin in both December 31, 2022 and December 31, 2023, where the margins soared to 62.62% and 62.02% respectively. This sharp increase could be attributed to various factors such as cost-cutting measures, improved operational efficiency, or increased revenue streams.

By December 31, 2024, EQT Corporation's gross profit margin decreased to 48.27%, which is still notably higher compared to the margins in 2020 and 2021. This reduction might indicate changing market dynamics, shifts in input costs, or other operational factors impacting the company's profitability.

In summary, EQT Corporation's gross profit margin has displayed variability over the five-year period, with notable improvements in certain years and fluctuations reflecting changes in the company's financial performance and operational efficiency.