Constellation Energy Corp (CEG)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 17,409,000 | 3,232,000 | 2,137,000 | 2,931,000 | 2,850,000 |
| Revenue | US$ in thousands | 23,568,000 | 24,918,000 | 24,440,000 | 19,649,000 | 17,603,000 |
| Gross profit margin | 73.87% | 12.97% | 8.74% | 14.92% | 16.19% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $17,409,000K ÷ $23,568,000K
= 73.87%
Constellation Energy Corp's gross profit margin has exhibited fluctuations over the years. As of December 31, 2020, the gross profit margin stood at 16.19%, indicating the company retained approximately 16.19% of its revenue after accounting for the cost of goods sold. However, by December 31, 2022, the margin had decreased significantly to 8.74%, possibly due to higher costs relative to revenue. Subsequently, there was an improvement in the gross profit margin by December 31, 2023, where it reached 12.97%.
The most noteworthy change occurred by December 31, 2024, where the gross profit margin surged to 73.87%. Such a substantial increase may be attributed to various factors such as increased efficiency in operations, better pricing strategies, or cost management initiatives. It is essential for Constellation Energy Corp to sustain this remarkably high gross profit margin and further analyze the underlying reasons to maintain profitability and generate value for its shareholders.
Peer comparison
Dec 31, 2024