Hess Corporation (HES)

Net profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	2,769,000	2,640,000	2,646,000	2,008,000	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	-3,180,000	-2,866,000
Revenue (ttm)	US$ in thousands	12,843,000	12,713,000	12,322,000	11,409,000	10,511,000	10,434,000	10,756,000	11,422,000	11,324,000	10,627,000	9,264,000	7,888,000	7,473,000	6,557,000	5,957,000	5,211,000	4,667,000	5,029,000	5,450,000	6,277,000
Net profit margin		21.56%	20.77%	21.47%	17.60%	13.15%	14.05%	13.73%	17.73%	18.51%	17.54%	15.80%	9.18%	7.48%	3.00%	-2.70%	-7.83%	-66.27%	-63.99%	-58.35%	-45.66%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,769,000K ÷ $12,843,000K
= 21.56%

Hess Corporation's net profit margin has shown a significant improvement over the past few years, starting from a substantial negative margin in 2020 to reaching approximately 21.56% by the end of December 31, 2024. This positive trend indicates that the company has been able to effectively manage its expenses and boost its profitability over time. The company was able to turn around its financial performance after facing challenges with negative margins in 2020. The steady increase in net profit margin reflects the company's efforts to enhance operational efficiency, increase revenues, and possibly implement cost-saving initiatives. This sustained improvement in profitability is a positive sign for Hess Corporation's overall financial health and may signify a stronger position in the industry.