Chesapeake Utilities Corporation (CPK)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 787,200 | 255,284 | 237,517 | 217,931 | 192,618 |
| Revenue | US$ in thousands | 787,200 | 670,604 | 680,704 | 569,968 | 488,198 |
| Gross profit margin | 100.00% | 38.07% | 34.89% | 38.24% | 39.45% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $787,200K ÷ $787,200K
= 100.00%
The gross profit margin of Chesapeake Utilities Corporation has displayed some fluctuations over the past five years. In December 2020, the gross profit margin stood at 39.45%, indicating that for every dollar of revenue generated, the company retained approximately $0.39 after accounting for the cost of goods sold. However, by December 2022, the gross profit margin declined to 34.89%, suggesting a decrease in profitability efficiency.
In December 2021, there was a further decrease in the gross profit margin to 38.24%, although it slightly recovered to 38.07% by December 2023. Notably, in December 2024, the gross profit margin surged to an unusually high 100.00%, which may raise questions about the accuracy of the financial data or the methodology used to calculate this ratio.
Overall, while the gross profit margin of Chesapeake Utilities Corporation has shown some variability, it is important to assess the underlying reasons for these fluctuations and evaluate the company's operational efficiency and pricing strategies to understand the factors influencing its profitability.
Peer comparison
Dec 31, 2024