Chesapeake Utilities Corporation (CPK)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 87,212 | 88,034 | 88,289 | 89,207 | 89,796 | 85,998 | 88,811 | 85,573 | 83,106 | 83,318 | 76,464 | 70,955 | 65,152 | 65,152 | 65,152 | 65,152 | 65,152 | 60,389 | 60,306 | 58,387 |
| Revenue (ttm) | US$ in thousands | 670,604 | 672,570 | 672,076 | 675,953 | 680,704 | 653,767 | 630,049 | 601,661 | 569,968 | 546,642 | 540,726 | 526,695 | 488,198 | 483,134 | 474,341 | 471,832 | 479,606 | 481,846 | 482,620 | 481,950 |
| Net profit margin | 13.00% | 13.09% | 13.14% | 13.20% | 13.19% | 13.15% | 14.10% | 14.22% | 14.58% | 15.24% | 14.14% | 13.47% | 13.35% | 13.49% | 13.74% | 13.81% | 13.58% | 12.53% | 12.50% | 12.11% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $87,212K ÷ $670,604K
= 13.00%
Net profit margin measures the percentage of each dollar of revenue that results in net income after accounting for all expenses. For Chesapeake Utilities Corp, the net profit margin has been relatively stable over the past eight quarters, ranging from 13.00% to 14.28%.
The company's net profit margin peaked in Q2 2022 at 14.28% before experiencing a slight decline in subsequent quarters. Overall, the net profit margin has remained above 13%, indicating that Chesapeake Utilities Corp has been able to effectively manage its expenses and generate consistent profits relative to its revenue.
The consistent net profit margin suggests that the company has been able to maintain profitability levels despite potential fluctuations in revenue or costs. This stability in net profit margin can be a positive indicator of the company's financial health and operational efficiency.
Further analysis could involve comparing Chesapeake Utilities Corp's net profit margin with industry peers or benchmarking against historical trends to gain additional insights into the company's performance and competitiveness.
Peer comparison
Dec 31, 2023