Range Resources Corp (RRC)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	2,045,806	2,346,215	2,310,470	2,334,580	2,830,910	3,409,090	3,842,170	4,403,452	3,387,948	3,369,808	2,575,947	1,886,852	2,357,500	1,444,477	994,496	939,527	971,157	-1,279,070	-478,601	-78,172
Revenue (ttm)	US$ in thousands	2,417,084	2,731,802	2,726,493	2,833,427	3,374,418	4,063,441	4,564,257	5,152,420	4,146,796	4,083,246	3,275,345	2,484,927	2,930,223	1,962,279	1,958,985	1,900,809	1,968,697	1,975,415	2,298,515	2,773,398
Gross profit margin		84.64%	85.89%	84.74%	82.39%	83.89%	83.90%	84.18%	85.46%	81.70%	82.53%	78.65%	75.93%	80.45%	73.61%	50.77%	49.43%	49.33%	-64.75%	-20.82%	-2.82%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,045,806K ÷ $2,417,084K
= 84.64%

Range Resources Corp has had a varied performance in terms of gross profit margin over the years. The gross profit margin is a key metric that indicates the profitability of a company's core business activities.

From the data provided, we observe that Range Resources Corp experienced a downward trend in gross profit margin from March 2020 to September 2020, with negative margins recorded during this period. However, there was a significant turnaround in profitability from December 2020 onwards, with the gross profit margin improving consistently.

The company's gross profit margin reached a peak of 85.89% as of September 30, 2024, indicating that Range Resources Corp has been able to effectively manage its production costs and increase the efficiency of its operations. This upward trend is a positive sign of the company's ability to generate profits from its core business activities.

Overall, Range Resources Corp's improving gross profit margin demonstrates its ability to enhance operational efficiency and generate higher profits from its revenue-generating activities. The consistent improvement in gross profit margin reflects positively on the company's financial performance and operational effectiveness.