EQT Corporation (EQT)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,735,230 | 1,770,960 | -1,142,750 | -958,799 | -1,221,700 |
| Revenue | US$ in thousands | 6,908,920 | 7,497,690 | 3,064,660 | 3,058,840 | 4,416,480 |
| Net profit margin | 25.12% | 23.62% | -37.29% | -31.35% | -27.66% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,735,230K ÷ $6,908,920K
= 25.12%
The net profit margin of EQT Corp has shown a positive trend over the past five years. The company's net profit margin improved significantly from negative figures in 2020 and 2021 to positive figures in 2022 and 2023. This indicates that EQT Corp managed to efficiently control its expenses and generate more profits relative to its revenue in the recent years. The notable increase in net profit margin from 2022 to 2023, reaching 25.12%, suggests a strong performance in terms of profitability and operational efficiency. Overall, EQT Corp's improving net profit margin reflects better cost management and revenue generation strategies, indicating a positive financial trajectory for the company.
Peer comparison
Dec 31, 2023