CenterPoint Energy Inc (CNP)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,976,000 | 3,686,000 | 3,397,000 | 3,207,000 | 2,929,000 |
| Revenue | US$ in thousands | 8,643,000 | 8,696,000 | 9,321,000 | 8,352,000 | 7,418,000 |
| Gross profit margin | 46.00% | 42.39% | 36.44% | 38.40% | 39.49% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,976,000K ÷ $8,643,000K
= 46.00%
CenterPoint Energy Inc's gross profit margin has shown fluctuations over the past five years. It decreased from 39.49% as of December 31, 2020, to 38.40% as of December 31, 2021, indicating a slight decline in profitability. However, in the following years, there was a further decrease to 36.44% as of December 31, 2022.
Subsequently, there was a significant improvement in the gross profit margin, reaching 42.39% as of December 31, 2023, reflecting an increase in profitability. The trend continued positively as of December 31, 2024, with the gross profit margin further improving to 46.00%.
Overall, the recent upward trend in gross profit margin suggests that CenterPoint Energy Inc has been able to enhance its efficiency in generating profits from its core operations. However, it is important to monitor this metric in the future to ensure sustained profitability and operational effectiveness.
Peer comparison
Dec 31, 2024