National Fuel Gas Company (NFG)

Operating profit margin

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Operating income	US$ in thousands	209,724	755,147	814,516	639,924	29,858
Revenue	US$ in thousands	1,944,810	2,173,770	2,186,050	1,742,660	1,546,290
Operating profit margin		10.78%	34.74%	37.26%	36.72%	1.93%

September 30, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $209,724K ÷ $1,944,810K
= 10.78%

The operating profit margin of National Fuel Gas Company has exhibited significant fluctuations over the past five years. In 2020, the operating profit margin was notably low at 1.93%, indicating relatively lower profitability compared to the subsequent years. However, the company showed a considerable improvement in profitability in the following years, with operating profit margins of 36.72%, 37.26%, and 34.74% in 2021, 2022, and 2023, respectively.

The most recent data for Sep 30, 2024, reflects a slightly decreased operating profit margin of 10.78% compared to the previous years. Despite this decline, the company's profitability remains relatively healthy, albeit at a lower level compared to the peak years.

Overall, the fluctuating trend in National Fuel Gas Company's operating profit margin indicates varying levels of operational efficiency and profitability over the years, which may be influenced by factors such as changes in revenue, costs, and industry dynamics. Further analysis of the company's financial performance and business strategy would be necessary to provide a more in-depth understanding of these fluctuations.