CenterPoint Energy Inc (CNP)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 7,887,000 | 8,362,000 | 7,379,000 | 6,283,000 | 7,431,000 |
| Revenue | US$ in thousands | 8,696,000 | 9,321,000 | 8,352,000 | 7,418,000 | 7,564,000 |
| Gross profit margin | 90.70% | 89.71% | 88.35% | 84.70% | 98.24% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $7,887,000K ÷ $8,696,000K
= 90.70%
The gross profit margin of Centerpoint Energy Inc. has shown fluctuations over the past five years. In 2019, the gross profit margin was 53.56%, indicating that the company generated 53.56 cents of gross profit for every dollar of revenue.
Subsequently, the margin increased to 76.48% in 2020, suggesting an improvement in the efficiency of the company in managing its cost of goods sold. However, this was followed by a decline in 2021 with a gross profit margin of 72.04%.
In 2022, the gross profit margin dropped further to 66.84%, indicating potential challenges in maintaining profitability. However, in 2023, there was a notable recovery as the margin increased to 75.16%.
Overall, despite fluctuations, Centerpoint Energy Inc. has managed to maintain relatively high gross profit margins, reflecting its ability to effectively control production costs and generate profits from its core business activities.
Peer comparison
Dec 31, 2023