Expand Energy Corporation (EXE)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,142,000 | 3,780,000 | 938,000 | -8,703,000 | -31,000 |
| Revenue | US$ in thousands | 8,721,000 | 11,743,000 | 5,549,000 | 5,240,000 | 8,532,000 |
| Operating profit margin | 36.03% | 32.19% | 16.90% | -166.09% | -0.36% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,142,000K ÷ $8,721,000K
= 36.03%
Expand Energy Corporation's operating profit margin has shown significant fluctuations over the past five years. In 2023, the operating profit margin improved to 36.03%, indicating that the company generated $0.36 in operating profit for every dollar of sales. This represents a strong increase from the previous year's margin of 32.19%.
In 2022, the operating profit margin was 32.19%, suggesting that the company's profitability improved compared to 2021 when the margin was 16.90%. The significant increase in 2022 highlights a positive trend in the company's operating efficiency and cost management.
However, in 2020 and 2019, Expand Energy Corporation experienced negative operating profit margins of -166.09% and -0.36%, respectively. These negative margins suggest that the company's operating expenses exceeded its operating income during these years, indicating financial challenges and potential inefficiencies in its operations.
Overall, while the operating profit margin has shown volatile performance in recent years, the improvement in 2023 is a positive signal for the company's financial health and operational performance. Monitoring and sustaining this upward trend will be crucial for Expand Energy Corporation's long-term profitability and sustainability.
Peer comparison
Dec 31, 2023