EQT Corporation (EQT)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	2,536,325	3,102,183	2,922,068	3,015,256	4,297,698	5,826,498	6,713,266	8,206,370	4,761,210	4,947,770	1,477,780	-1,224,735	596,888	-2,362,052	-672,574	172,031	250,635	160,518	884,802	1,601,242
Revenue (ttm)	US$ in thousands	5,273,312	5,691,582	5,593,882	5,660,120	6,908,920	8,345,750	9,229,110	10,737,870	10,563,420	10,923,280	10,637,870	9,188,260	7,651,563	5,064,453	3,452,530	2,901,704	3,058,841	2,817,741	3,597,190	4,380,366
Gross profit margin		48.10%	54.50%	52.24%	53.27%	62.21%	69.81%	72.74%	76.42%	45.07%	45.30%	13.89%	-13.33%	7.80%	-46.64%	-19.48%	5.93%	8.19%	5.70%	24.60%	36.55%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,536,325K ÷ $5,273,312K
= 48.10%

The gross profit margin of EQT Corporation has shown fluctuations over the analyzed period, ranging from negative percentages to highs in the 70% range. The margin started at 36.55% in March 2020, declined significantly to 5.70% by September 2020, continued to fluctuate with both negative and positive percentages until June 2022, when it stood at 13.89%. Subsequently, the margin increased significantly, reaching 76.42% by March 2023, indicating strong profitability. However, it started to decline slightly in the following periods but remained relatively high, with percentages ranging from the mid-40s to the mid-50s. This suggests that EQT Corporation has been able to effectively manage its cost of goods sold and generate healthy levels of gross profit relative to its revenue.