Hess Corporation (HES)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	2,769,000	1,382,000	2,096,000	890,000	-2,839,000
Revenue	US$ in thousands	13,018,000	10,511,000	11,324,000	7,473,000	4,667,000
Net profit margin		21.27%	13.15%	18.51%	11.91%	-60.83%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $2,769,000K ÷ $13,018,000K
= 21.27%

Hess Corporation's net profit margin has exhibited significant fluctuations over the past five years. As of December 31, 2020, the company experienced a negative net profit margin of -60.83%, indicating that its expenses exceeded its revenues during that period. However, there was a notable turnaround in the following year, with the net profit margin improving to 11.91%.

Subsequently, Hess Corporation continued to enhance its profitability, as evidenced by the net profit margin of 18.51% on December 31, 2022, demonstrating a strong performance in generating profits relative to its revenue. However, there was a slight decrease in profitability in the subsequent year, with the net profit margin declining to 13.15% on December 31, 2023.

The most recent data point shows a notable improvement, with Hess Corporation achieving a net profit margin of 21.27% on December 31, 2024, signaling a robust performance in converting revenue into profit. Overall, the company's net profit margin has showcased variability over the years, reflecting fluctuations in profitability levels and the management's ability to control costs and drive revenue growth.