Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Pioneer Natural Resources Co., profitability ratios
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Pioneer Natural Resources Co. operating profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Pioneer Natural Resources Co. net profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Pioneer Natural Resources Co. ROE improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Pioneer Natural Resources Co. ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Operating Profit Margin
Pioneer Natural Resources Co., operating profit margin calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income | 6,531) | 10,252) | 3,317) | 189) | 1,556) | |
| Revenue from contracts with purchasers | 19,374) | 24,384) | 17,870) | 7,024) | 9,671) | |
| Profitability Ratio | ||||||
| Operating profit margin1 | 33.71% | 42.04% | 18.56% | 2.69% | 16.09% | |
| Benchmarks | ||||||
| Operating Profit Margin, Competitors2 | ||||||
| Chevron Corp. | 15.37% | 21.42% | 14.81% | -6.22% | 4.83% | |
| ConocoPhillips | 30.57% | 36.80% | 29.84% | -12.74% | 32.04% | |
| Exxon Mobil Corp. | 16.24% | 19.82% | 11.91% | -14.85% | 8.66% | |
| Marathon Petroleum Corp. | 9.78% | 12.10% | 3.58% | -17.55% | 4.50% | |
| Occidental Petroleum Corp. | 24.21% | 38.32% | 17.59% | -79.89% | 3.17% | |
| Valero Energy Corp. | 8.19% | 8.90% | 1.87% | -2.43% | 3.54% | |
| Operating Profit Margin, Sector | ||||||
| Oil, Gas & Consumable Fuels | 14.85% | 19.00% | 10.93% | -14.14% | 7.25% | |
| Operating Profit Margin, Industry | ||||||
| Energy | 14.90% | 18.89% | 10.97% | -15.78% | 5.50% | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Operating profit margin = 100 × Operating income ÷ Revenue from contracts with purchasers
= 100 × 6,531 ÷ 19,374 = 33.71%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Pioneer Natural Resources Co. operating profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Net Profit Margin
Pioneer Natural Resources Co., net profit margin calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to common stockholders | 4,894) | 7,845) | 2,118) | (200) | 756) | |
| Revenue from contracts with purchasers | 19,374) | 24,384) | 17,870) | 7,024) | 9,671) | |
| Profitability Ratio | ||||||
| Net profit margin1 | 25.26% | 32.17% | 11.85% | -2.85% | 7.82% | |
| Benchmarks | ||||||
| Net Profit Margin, Competitors2 | ||||||
| Chevron Corp. | 10.85% | 15.05% | 10.04% | -5.87% | 2.09% | |
| ConocoPhillips | 19.52% | 23.80% | 17.63% | -14.38% | 22.07% | |
| Exxon Mobil Corp. | 10.76% | 13.98% | 8.33% | -12.57% | 5.61% | |
| Marathon Petroleum Corp. | 6.52% | 8.18% | 8.12% | -14.08% | 2.13% | |
| Occidental Petroleum Corp. | 16.62% | 36.32% | 8.95% | -83.28% | -3.27% | |
| Valero Energy Corp. | 6.10% | 6.54% | 0.82% | -2.19% | 2.24% | |
| Net Profit Margin, Sector | ||||||
| Oil, Gas & Consumable Fuels | 10.07% | 13.53% | 8.09% | -12.77% | 4.24% | |
| Net Profit Margin, Industry | ||||||
| Energy | 10.16% | 13.49% | 8.10% | -14.38% | 2.62% | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Net profit margin = 100 × Net income (loss) attributable to common stockholders ÷ Revenue from contracts with purchasers
= 100 × 4,894 ÷ 19,374 = 25.26%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Pioneer Natural Resources Co. net profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Return on Equity (ROE)
Pioneer Natural Resources Co., ROE calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to common stockholders | 4,894) | 7,845) | 2,118) | (200) | 756) | |
| Equity | 23,171) | 22,541) | 22,837) | 11,569) | 12,119) | |
| Profitability Ratio | ||||||
| ROE1 | 21.12% | 34.80% | 9.27% | -1.73% | 6.24% | |
| Benchmarks | ||||||
| ROE, Competitors2 | ||||||
| Chevron Corp. | 13.28% | 22.27% | 11.24% | -4.21% | 2.03% | |
| ConocoPhillips | 22.23% | 38.91% | 17.79% | -9.05% | 20.55% | |
| Exxon Mobil Corp. | 17.58% | 28.58% | 13.67% | -14.28% | 7.48% | |
| Marathon Petroleum Corp. | 39.67% | 52.38% | 37.16% | -44.26% | 7.83% | |
| Occidental Petroleum Corp. | 15.52% | 44.22% | 11.42% | -79.85% | -1.95% | |
| Valero Energy Corp. | 33.53% | 48.93% | 5.05% | -7.56% | 11.11% | |
| ROE, Sector | ||||||
| Oil, Gas & Consumable Fuels | 18.46% | 30.85% | 14.29% | -15.01% | 6.26% | |
| ROE, Industry | ||||||
| Energy | 18.55% | 30.45% | 14.23% | -17.24% | 3.86% | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
ROE = 100 × Net income (loss) attributable to common stockholders ÷ Equity
= 100 × 4,894 ÷ 23,171 = 21.12%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Pioneer Natural Resources Co. ROE improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Return on Assets (ROA)
Pioneer Natural Resources Co., ROA calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to common stockholders | 4,894) | 7,845) | 2,118) | (200) | 756) | |
| Total assets | 36,613) | 35,740) | 36,811) | 19,229) | 19,067) | |
| Profitability Ratio | ||||||
| ROA1 | 13.37% | 21.95% | 5.75% | -1.04% | 3.96% | |
| Benchmarks | ||||||
| ROA, Competitors2 | ||||||
| Chevron Corp. | 8.17% | 13.76% | 6.52% | -2.31% | 1.23% | |
| ConocoPhillips | 11.42% | 19.91% | 8.91% | -4.31% | 10.20% | |
| Exxon Mobil Corp. | 9.57% | 15.10% | 6.80% | -6.74% | 3.95% | |
| Marathon Petroleum Corp. | 11.26% | 16.15% | 11.41% | -11.54% | 2.68% | |
| Occidental Petroleum Corp. | 6.35% | 18.32% | 3.09% | -18.52% | -0.61% | |
| Valero Energy Corp. | 14.01% | 18.90% | 1.61% | -2.74% | 4.50% | |
| ROA, Sector | ||||||
| Oil, Gas & Consumable Fuels | 9.57% | 15.81% | 6.73% | -6.66% | 3.09% | |
| ROA, Industry | ||||||
| Energy | 9.53% | 15.46% | 6.63% | -7.52% | 1.89% | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
ROA = 100 × Net income (loss) attributable to common stockholders ÷ Total assets
= 100 × 4,894 ÷ 36,613 = 13.37%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Pioneer Natural Resources Co. ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |