Expand Energy Corporation (EXE)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,419,000 | 4,936,000 | 945,000 | -9,734,000 | -308,000 |
| Revenue | US$ in thousands | 8,721,000 | 11,743,000 | 5,549,000 | 5,240,000 | 8,532,000 |
| Net profit margin | 27.74% | 42.03% | 17.03% | -185.76% | -3.61% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $2,419,000K ÷ $8,721,000K
= 27.74%
Expand Energy Corporation's net profit margin has shown significant fluctuation over the past five years. In 2023, the net profit margin stood at 27.74%, representing a decrease from the previous year's margin of 42.03%. Despite this decline, the company still maintained a relatively healthy profitability level.
The net profit margin of 17.03% in 2021 indicated a moderate level of profitability, although it was lower compared to the highs of the preceding years. However, in 2020, the company experienced a significant negative net profit margin of -185.76%, suggesting a substantial loss for that year.
Similarly, in 2019, Expand Energy Corporation also reported a negative net profit margin of -3.61%, indicating a loss-making period. It is essential for the company to analyze the reasons behind such extreme negative margins in 2020 and 2019 to address any underlying issues impacting profitability.
Overall, while the net profit margin has shown volatility in recent years, the company's ability to generate profits has varied significantly. Management should focus on stabilizing and improving profitability to ensure long-term financial sustainability.
Peer comparison
Dec 31, 2023