American Electric Power Co Inc (AEP)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 13,654,300 | 17,547,800 | 18,082,700 | 15,391,300 | 13,621,000 |
| Revenue | US$ in thousands | 19,721,300 | 18,982,300 | 19,639,500 | 16,792,000 | 14,918,500 |
| Gross profit margin | 69.24% | 92.44% | 92.07% | 91.66% | 91.30% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $13,654,300K ÷ $19,721,300K
= 69.24%
American Electric Power Co Inc has shown a consistent increase in its gross profit margin over the years, rising from 91.30% on December 31, 2020, to 92.44% on December 31, 2023. This suggests the company has been effectively managing its cost of goods sold and generating more revenue from its core operations during this period. However, there was a notable decrease in the gross profit margin to 69.24% on December 31, 2024. This sudden decline could indicate a change in the company's pricing strategy, cost structure, or external factors impacting its profitability. Further analysis would be needed to understand the reasons behind this significant drop in the gross profit margin for American Electric Power Co Inc in 2024.
Peer comparison
Dec 31, 2024