Constellation Energy Corp (CEG)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | 1,610,000 | 495,000 | -346,000 |
| Revenue | US$ in thousands | 24,918,000 | 24,440,000 | 19,649,000 |
| Operating profit margin | 6.46% | 2.03% | -1.76% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,610,000K ÷ $24,918,000K
= 6.46%
Constellation Energy Corporation's operating profit margin has exhibited fluctuations over the past four years. In 2023, the operating profit margin improved significantly to 6.35%, up from 2.02% in 2022. This indicates that the company was able to generate higher profits from its core operations relative to its revenue during the year.
The negative operating profit margin of -2.83% in 2021 suggests that the company incurred operating losses during that period, which may have been due to various factors such as increased operating expenses or a decline in revenue. However, Constellation Energy Corporation managed to improve its performance in 2020 with an operating profit margin of 1.31%, indicating that the company was able to generate a modest profit from its operations during that year.
Overall, the trend in Constellation Energy Corporation's operating profit margin shows a mix of positive and negative performances, with a notable improvement in 2023. It will be essential for the company to continue monitoring its operational efficiency and financial performance to sustain profitability in the future.
Peer comparison
Dec 31, 2023