Matador Resources Company (MTDR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,209,320 | 1,759,270 | 793,076 | -521,499 | 235,480 |
| Revenue | US$ in thousands | 2,806,780 | 3,058,020 | 1,662,980 | 862,126 | 983,670 |
| Operating profit margin | 43.09% | 57.53% | 47.69% | -60.49% | 23.94% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,209,320K ÷ $2,806,780K
= 43.09%
The operating profit margin of Matador Resources Co has displayed fluctuations over the past five years. In 2023, the operating profit margin stood at 36.87%, representing a decrease from the prior year's margin of 49.88%. This decline indicates a decrease in the company's ability to generate profits from its core operations compared to the previous year.
Comparing the operating profit margin in 2023 to earlier years, it is lower than the margins reported in 2021 (35.90%) and 2019 (16.15%), indicating a mixed performance in profitability over the period. The margin in 2020 was notably lower at 6.12%, reflecting a significant improvement in profitability in the most recent year.
Overall, the trend in Matador Resources Co's operating profit margin suggests some variability in the company's operational efficiency and profitability levels in recent years, indicating potential shifts in business performance and cost management strategies.
Peer comparison
Dec 31, 2023