Range Resources Corp (RRC)
Operating profit margin
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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
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Operating income (ttm) | US$ in thousands | 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 | -2,620,580 | -1,918,720 | -1,734,004 | -2,229,823 |
Revenue (ttm) | US$ in thousands | 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 | 2,827,615 | 3,294,651 | 3,483,431 | 3,288,186 |
Operating profit margin | 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% | -92.68% | -58.24% | -49.78% | -67.81% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,490,353K ÷ $3,374,418K
= 73.80%
Range Resources Corp's operating profit margin has shown fluctuations over the past eight quarters, ranging from a low of 9.27% in Q1 2022 to a high of 55.20% in Q1 2023.
In the latest quarter, Q4 2023, the operating profit margin was 41.38%, indicating that the company generated a profit of $0.41 for every dollar of sales. This represents a decrease from the previous quarter's margin of 49.66% in Q3 2023.
The overall trend over the past year seems to show an improvement in operating profit margins, starting from 28.51% in Q2 2022 and consistently increasing until reaching the peak in Q1 2023. However, there was a slight decline in profitability in the most recent quarter.
It is important for Range Resources Corp to closely monitor and manage its operating expenses and revenues to ensure sustainable profitability and efficiency in its operations. A further analysis of the company's cost structure and revenue streams may provide insights into the factors influencing its operating profit margins.
Peer comparison
Dec 31, 2023