Matador Resources Company (MTDR)

Operating 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
Operating income (ttm)	US$ in thousands	1,209,322	1,215,411	1,358,675	1,701,396	1,759,270	1,712,691	1,459,603	1,009,720	793,076	409,375	-41,952	-622,368	-521,499	-397,870	-90,627	421,472	235,481	318,495	300,246	297,450
Revenue (ttm)	US$ in thousands	2,806,785	2,678,128	2,746,762	3,052,609	3,058,025	2,916,908	2,548,331	1,961,828	1,662,981	1,320,858	1,051,893	757,386	862,126	926,566	1,002,582	1,181,366	983,670	984,869	912,645	882,308
Operating profit margin		43.09%	45.38%	49.46%	55.74%	57.53%	58.72%	57.28%	51.47%	47.69%	30.99%	-3.99%	-82.17%	-60.49%	-42.94%	-9.04%	35.68%	23.94%	32.34%	32.90%	33.71%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,209,322K ÷ $2,806,785K
= 43.09%

Matador Resources Co's operating profit margin has shown some fluctuations over the past eight quarters. The operating profit margin for Q4 2023 was 36.87%, which was lower than the previous quarter but higher than Q2 and Q1 of the same year. The company experienced a gradual decline in operating profit margin from Q4 2022 to Q4 2023, indicating a potential trend worth monitoring.

Overall, Matador Resources Co has maintained a relatively healthy operating profit margin, consistently above 30% in the past eight quarters. However, the downward trend from Q4 2022 to Q4 2023 may suggest that the company is facing increased costs or experiencing challenges in generating revenue. Monitoring future financial statements will be important to assess whether these fluctuations are temporary or indicative of broader operational issues.