EQT Corporation (EQT)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	685,296	2,314,410	2,718,000	-1,360,980	-877,666
Revenue	US$ in thousands	5,273,310	6,908,920	7,497,690	3,064,660	3,058,840
Operating profit margin		13.00%	33.50%	36.25%	-44.41%	-28.69%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $685,296K ÷ $5,273,310K
= 13.00%

EQT Corporation's operating profit margin has shown significant fluctuations over the past five years. As of December 31, 2020, the operating profit margin was -28.69%, indicating that the company's operating expenses exceeded its revenue, resulting in a negative margin. This negative trend worsened by December 31, 2021, with a steeper decline to -44.41%.

However, a notable turnaround occurred by December 31, 2022, as the operating profit margin surged to 36.25%, indicating that the company was able to generate more profits from its operations relative to its revenue. This positive momentum continued into December 31, 2023, with a healthy operating profit margin of 33.50%.

By December 31, 2024, the operating profit margin dipped to 13.00%, signifying a slight decrease in profitability compared to the previous year but still indicating a positive margin. Overall, EQT Corporation's operating profit margin has shown volatility but has also displayed the ability to improve profitability and operational efficiency in recent years.