Hess Corporation (HES)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	1,382,000	1,466,000	1,477,000	2,025,000	2,096,000	1,864,000	1,464,000	724,000	559,000	197,000	-161,000	-408,000	-3,093,000	-3,218,000	-3,187,000	-2,873,000	-408,000	-190,000	-20,000	-144,000
Revenue (ttm)	US$ in thousands	10,511,000	10,680,000	11,002,000	11,668,000	11,570,000	10,645,000	9,334,000	7,977,000	7,583,000	6,745,000	6,110,000	5,354,000	4,804,000	5,086,000	5,425,000	6,280,000	6,510,000	6,493,000	6,806,000	6,675,000
Net profit margin		13.15%	13.73%	13.42%	17.36%	18.12%	17.51%	15.68%	9.08%	7.37%	2.92%	-2.64%	-7.62%	-64.38%	-63.27%	-58.75%	-45.75%	-6.27%	-2.93%	-0.29%	-2.16%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,382,000K ÷ $10,511,000K
= 13.15%

Hess Corporation's net profit margin has shown fluctuations over the past eight quarters, as indicated in the table. The net profit margin ranged from a low of 9.14% in Q1 2022 to a high of 18.51% in Q4 2022. It peaked in Q1 2023 at 17.75% before gradually decreasing in subsequent quarters. Overall, the company has maintained a relatively healthy net profit margin above 13% for most quarters, reflecting its ability to generate profit as a percentage of revenue. It is essential for investors and analysts to monitor these trends to assess the company's profitability and operational efficiency over time.