Range Resources Corp (RRC)

Operating 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
Operating income (ttm)	US$ in thousands	1,797,773	2,080,468	2,039,196	2,000,302	2,490,353	3,074,941	3,511,834	4,100,320	3,091,496	3,079,976	2,280,330	1,653,944	2,128,317	1,217,505	260,761	175,157	129,279	-4,400,809	-3,093,927	-2,705,078
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
Operating profit margin		74.38%	76.16%	74.79%	70.60%	73.80%	75.67%	76.94%	79.58%	74.55%	75.43%	69.62%	66.56%	72.63%	62.05%	13.31%	9.21%	6.57%	-222.78%	-134.61%	-97.54%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,797,773K ÷ $2,417,084K
= 74.38%

Range Resources Corp's operating profit margin has shown significant fluctuations over the past few years. The company experienced negative operating profit margins in the first three quarters of 2020, with values as low as -222.78%. However, there was a turnaround in the last quarter of 2020 when the operating profit margin improved to 6.57%.

From March 2021 onwards, Range Resources Corp demonstrated consistent improvement in its operating profit margin, reaching levels above 60% by the third quarter of 2021. This strong performance continued into 2022 and 2023, with the operating profit margin consistently above 70%.

In the last quarter of 2024, Range Resources Corp's operating profit margin slightly decreased to 74.38%. Overall, the trend indicates a positive trajectory for the company's profitability, with significant improvements seen since the challenging period in 2020.