CenterPoint Energy Inc (CNP)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 7,887,000 | 8,317,000 | 8,317,000 | 8,382,000 | 8,362,000 | 7,961,000 | 7,792,000 | 7,597,000 | 7,380,000 | 7,173,000 | 7,047,000 | 6,866,000 | 6,283,000 | 7,825,000 | 8,164,000 | 8,562,000 | 8,926,000 | 8,732,000 | 8,207,000 | 7,725,000 |
| Revenue (ttm) | US$ in thousands | 8,696,000 | 9,225,000 | 9,268,000 | 9,337,000 | 9,321,000 | 8,924,000 | 8,770,000 | 8,568,000 | 8,352,000 | 8,092,000 | 7,965,000 | 7,798,000 | 7,418,000 | 8,594,000 | 8,630,000 | 8,713,000 | 8,775,000 | 8,581,000 | 9,135,000 | 9,663,000 |
| Gross profit margin | 90.70% | 90.16% | 89.74% | 89.77% | 89.71% | 89.21% | 88.85% | 88.67% | 88.36% | 88.64% | 88.47% | 88.05% | 84.70% | 91.05% | 94.60% | 98.27% | 101.72% | 101.76% | 89.84% | 79.94% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $7,887,000K ÷ $8,696,000K
= 90.70%
Centerpoint Energy Inc.'s gross profit margin has shown variations over the past eight quarters. The trend indicates an upward trajectory from Q1 2022 to Q2 2023, with a peak of 75.16% in Q4 2023. This consistent improvement suggests efficient cost management and pricing strategies. However, despite some fluctuations, the company has maintained gross profit margins above 65% throughout the period, which is generally considered healthy for many industries. The firm's ability to generate higher gross profit margins reflects its effectiveness in controlling production and operational costs relative to its sales revenue. It implies that Centerpoint Energy Inc. has been successful in generating profits from its core operations.
Peer comparison
Dec 31, 2023