Range Resources Corp (RRC)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	871,142	1,183,370	411,778	-711,777	-1,716,300
Revenue	US$ in thousands	3,374,420	4,146,800	2,930,220	1,968,700	2,827,620
Net profit margin		25.82%	28.54%	14.05%	-36.15%	-60.70%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $871,142K ÷ $3,374,420K
= 25.82%

Range Resources Corp's net profit margin has shown significant fluctuations in recent years. In 2023, the net profit margin was 25.37%, indicating that the company generated a net profit of approximately 25.37 cents for every dollar of revenue earned. This represented a decrease from the previous year's net profit margin of 27.85%.

The net profit margin in 2021 was 14.05%, reflecting a moderate profitability level compared to the prior year. However, in 2020, the company experienced a significant decline in profitability with a negative net profit margin of -36.15%, indicating that the company incurred a net loss during that period.

Furthermore, the net profit margin in 2019 was notably low at -60.71%, indicating a substantial loss-making situation for the company. The negative net profit margin in these two years suggests that Range Resources Corp faced challenges in generating profits and controlling expenses effectively.

Overall, analyzing the trend of Range Resources Corp's net profit margin reveals fluctuations in profitability performance over the past five years, with variability in generating net profits relative to its revenue. Further investigation into the company's cost structure, revenue streams, and overall operational efficiency may provide insights into the factors driving these fluctuations in net profit margins.