Vital Energy Inc. (VTLE)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	559,621	1,060,160	712,963	-861,970	-408,591
Revenue	US$ in thousands	1,491,170	1,495,400	820,641	661,355	855,625
Operating profit margin		37.53%	70.89%	86.88%	-130.33%	-47.75%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $559,621K ÷ $1,491,170K
= 37.53%

The operating profit margin of Vital Energy Inc. has exhibited significant fluctuations over the past five years. In 2023, the operating profit margin was 37.53%, reflecting a decrease from the previous year's level of 70.89%. This decline suggests a potential decrease in the company's ability to generate profits from its core operations.

In 2022, the operating profit margin was relatively high at 70.89%, indicating strong profitability during that period. The margin further improved in 2021 to 86.88%, showcasing the company's efficient cost management and revenue generation capabilities.

However, in 2020, the operating profit margin plunged to -130.33%, indicating that the company experienced operating losses during that year, which could be attributed to various factors such as significant expenses or revenue declines.

Likewise, in 2019, the operating profit margin was negative at -47.75%, signaling another year of operating losses for Vital Energy Inc.

Overall, the trend in the operating profit margin for Vital Energy Inc. shows variability and inconsistency in the company's operational performance over the five-year period, with significant fluctuations in profitability levels. Further analysis of the company's cost structure and revenue streams would be necessary to understand the factors driving these fluctuations and to assess the company's overall financial health.