Range Resources Corp (RRC)
Profitability ratios
Return on sales
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Gross profit margin | 84.48% | 83.79% | 81.61% | 80.50% | 49.16% |
| Operating profit margin | 74.07% | 73.61% | 74.37% | 72.72% | 6.22% |
| Pretax margin | 10.37% | 32.60% | 34.10% | 13.72% | -37.45% |
| Net profit margin | 11.02% | 25.81% | 28.54% | 14.05% | -36.15% |
Range Resources Corp has shown a significant improvement in its profitability ratios over the past few years. The gross profit margin has steadily increased from 49.16% in 2020 to 84.48% in 2024, indicating the company's ability to efficiently control production costs and generate higher revenues relative to the cost of goods sold.
Similarly, the operating profit margin has shown a remarkable improvement, increasing from 6.22% in 2020 to 74.07% in 2024. This suggests that Range Resources Corp has been able to enhance its operational efficiency and profitability by effectively managing its operating expenses.
The pretax margin has also shown a positive trend, moving from a negative figure of -37.45% in 2020 to 10.37% in 2024. This indicates an improvement in the company's ability to generate profits before accounting for taxes, showing growth in overall profitability.
In terms of net profit margin, Range Resources Corp has shown a strong recovery from a negative net profit margin of -36.15% in 2020 to a positive margin of 11.02% in 2024. This signifies the company's ability to generate profits after accounting for all expenses, including taxes, which is a crucial indicator of its overall financial health and success.
Overall, the steady improvement in Range Resources Corp's profitability ratios reflects the company's effective cost management, enhanced operational efficiency, and overall financial performance over the years.
Return on investment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 24.36% | 34.49% | 46.55% | 31.99% | 2.00% |
| Return on assets (ROA) | 3.62% | 12.09% | 17.86% | 6.18% | -11.60% |
| Return on total capital | 7.35% | 22.10% | 33.47% | 13.13% | -11.64% |
| Return on equity (ROE) | 6.77% | 23.13% | 41.15% | 19.74% | -43.47% |
Range Resources Corp's profitability ratios have shown significant improvement over the analyzed period.
- Operating return on assets (Operating ROA) has experienced a substantial increase, reaching a high of 46.55% by December 31, 2022, indicating that the company is effectively generating operating income relative to its assets.
- Return on assets (ROA) has also shown a positive trend, moving from negative values to 12.09% by December 31, 2023, showcasing the company's ability to generate net income from its total assets.
- Return on total capital has displayed a similar positive trajectory, reaching 33.47% by December 31, 2022, suggesting that the company is efficiently utilizing its total capital to generate returns.
- Return on equity (ROE) has shown notable improvement, climbing to 41.15% by December 31, 2022, indicating that the company is profitable in relation to its shareholders' equity.
Overall, the profitability ratios of Range Resources Corp have demonstrated a strong performance over the analyzed period, reflecting efficient management of assets, capital, and equity to generate returns for the company and its investors.