Range Resources Corp (RRC)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	1,790,220	2,484,330	3,084,160	2,130,900	122,465
Revenue	US$ in thousands	2,417,080	3,374,870	4,146,800	2,930,220	1,968,700
Operating profit margin		74.07%	73.61%	74.37%	72.72%	6.22%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $1,790,220K ÷ $2,417,080K
= 74.07%

Range Resources Corp's operating profit margin has shown significant improvement over the years, reflecting the company's ability to efficiently manage its operating costs and generate higher profits from its core business activities.

Starting at 6.22% on December 31, 2020, the operating profit margin has experienced a remarkable upward trend, reaching 72.72% by December 31, 2021. This substantial jump indicates a significant enhancement in the company's operational efficiency and profitability.

The positive momentum continued into the following years, with the operating profit margin further increasing to 74.37% by December 31, 2022, and maintaining a high level at 73.61% by December 31, 2023. This trend highlights Range Resources Corp's strong performance in maximizing profits relative to its operating costs.

By December 31, 2024, the operating profit margin reached 74.07%, indicating that Range Resources Corp has continued to sustain its high level of operational efficiency and profitability. This consistent growth in operating profit margin reflects the company's successful efforts in managing its expenses and optimizing its revenue streams.

Overall, Range Resources Corp's operating profit margin demonstrates a strong performance and efficient cost management, positioning the company well for sustained profitability and growth in the future.