Constellation Energy Corp (CEG)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Gross profit | US$ in thousands | 5,436,000 | 3,726,000 | 1,707,000 |
| Revenue | US$ in thousands | 24,918,000 | 24,440,000 | 19,649,000 |
| Gross profit margin | 21.82% | 15.25% | 8.69% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $5,436,000K ÷ $24,918,000K
= 21.82%
Constellation Energy Corporation has maintained a consistent gross profit margin of 100% over the past four years, spanning from December 31, 2020, to December 31, 2023. A gross profit margin of 100% indicates that the company is able to generate revenue that fully covers the cost of goods sold, resulting in no gross profit losses. This high level of efficiency in managing production and sales costs suggests that Constellation Energy Corporation is effectively controlling its production expenses and achieving optimal pricing strategies. Additionally, a stable gross profit margin over multiple years reflects the company's ability to maintain a strong competitive position in its industry.
Peer comparison
Dec 31, 2023