Chesapeake Utilities Corporation (CPK)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 424,746 | 284,873 | 265,628 | 267,363 | 255,286 | 247,027 | 241,080 | 238,546 | 237,519 | 229,793 | 229,256 | 223,162 | 217,931 | 215,200 | 214,405 | 205,995 | 192,598 | 182,324 | 172,247 | 170,720 |
| Revenue (ttm) | US$ in thousands | 787,291 | 757,626 | 729,035 | 698,526 | 670,604 | 672,569 | 672,075 | 675,952 | 680,703 | 653,768 | 630,050 | 601,662 | 569,969 | 546,642 | 540,726 | 526,695 | 488,218 | 483,153 | 474,360 | 508,212 |
| Gross profit margin | 53.95% | 37.60% | 36.44% | 38.28% | 38.07% | 36.73% | 35.87% | 35.29% | 34.89% | 35.15% | 36.39% | 37.09% | 38.24% | 39.37% | 39.65% | 39.11% | 39.45% | 37.74% | 36.31% | 33.59% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $424,746K ÷ $787,291K
= 53.95%
The gross profit margin of Chesapeake Utilities Corporation has shown some fluctuations over the analyzed period. Initially, starting at around 33.59% in March 2020, the margin gradually increased to reach a peak of 39.65% in June 2021. Subsequently, the margin experienced a slight decline but remained relatively stable around the high 30s percentage range until December 2023. However, there was a significant spike in the gross profit margin to 53.95% in December 2024.
Overall, the trend indicates a general improvement in the company's ability to generate profit from its core business activities, with occasional fluctuations possibly influenced by various internal and external factors impacting the business operations or cost structures. The sharp increase in December 2024 warrants further investigation to understand the underlying reasons for such a significant change and whether it is sustainable in the long term.
Peer comparison
Dec 31, 2024