Range Resources Corp (RRC)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 250,605 | 573,527 | 572,426 | 607,359 | 1,100,343 | 1,711,260 | 2,078,842 | 2,590,085 | 1,413,870 | 1,325,929 | 513,269 | -200,651 | 402,078 | -465,218 | -870,567 | -902,682 | -737,329 | -3,084,135 | -2,373,636 | -2,028,503 |
| 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 |
| Pretax margin | 10.37% | 20.99% | 20.99% | 21.44% | 32.61% | 42.11% | 45.55% | 50.27% | 34.10% | 32.47% | 15.67% | -8.07% | 13.72% | -23.71% | -44.44% | -47.49% | -37.45% | -156.13% | -103.27% | -73.14% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $250,605K ÷ $2,417,084K
= 10.37%
Range Resources Corp's pretax margin experienced significant fluctuations over the period from March 2020 to December 2024. The company's pretax margin was negative during most of the earlier period, indicating that its expenses exceeded its revenues before accounting for taxes. The pretax margin improved gradually from September 2021 onwards, reaching positive territory in December 2021.
From March 2022 to June 2023, Range Resources Corp's pretax margin continued to increase steadily, reflecting better cost management and revenue generation. However, there was a slight decrease in the pretax margin from September 2023 to December 2024, although it remained positive.
Overall, Range Resources Corp's pretax margin showed a positive trend from September 2021 to December 2024, indicating an improvement in the company's ability to generate profits before taxes relative to its revenue. The positive pretax margins in the latter period suggest better operational efficiency and profitability for the company.
Peer comparison
Dec 31, 2024