Magnolia Oil & Gas Corp (MGY)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	388,301	893,837	417,282	-1,208,390	50,196
Revenue	US$ in thousands	1,226,980	1,694,490	1,078,350	541,303	942,156
Net profit margin		31.65%	52.75%	38.70%	-223.24%	5.33%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $388,301K ÷ $1,226,980K
= 31.65%

The net profit margin of Magnolia Oil & Gas Corp has exhibited significant fluctuations over the past five years. In 2023, the net profit margin stood at 31.65%, reflecting a decrease from 52.75% in 2022 and 38.70% in 2021. However, in 2020, the company experienced a notable negative net profit margin of -223.24%, indicating a loss for that fiscal year. This was followed by a recovery in 2019, where the net profit margin was 5.33%.

The reduction in net profit margin from 52.75% in 2022 to 31.65% in 2023 suggests a decrease in profitability in the most recent year. Further analysis is recommended to understand the factors contributing to this decline and to assess the company's overall financial performance and efficiency in generating profits.