Clearway Energy Inc Class C (CWEN)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 64.00% | 63.45% | 64.93% | 69.47% | 67.34% |
| Operating profit margin | 20.02% | 123.53% | 20.76% | 27.77% | 21.71% |
| Pretax margin | 5.86% | 67.56% | 4.90% | 2.75% | -1.84% |
| Net profit margin | 6.01% | 48.91% | 3.97% | 2.09% | -1.07% |
Clearway Energy Inc's profitability ratios show varying trends over the five-year period analyzed. The gross profit margin has been relatively stable, ranging from 63.45% to 69.47%, indicating consistency in generating revenue after accounting for direct costs of goods sold.
However, the operating profit margin fluctuated more significantly, with a noticeable decrease in 2022 followed by an increase in 2023. This suggests potential changes in operating efficiency or cost management during those years.
The pretax margin shows a sharp turnaround from a significant positive figure in 2022 to negative values in 2021 and 2023. This could be attributed to non-operating factors impacting the company's profitability in those years.
The net profit margin also displays volatility, with a major improvement in 2022 followed by a decline in 2023. This variability may indicate fluctuations in the company's bottom-line profitability after accounting for all expenses and taxes.
Overall, further analysis of Clearway Energy Inc's financial performance and factors influencing its profitability trends would be necessary to provide a more comprehensive assessment of its operational effectiveness and financial health.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 1.79% | 11.94% | 2.08% | 3.14% | 2.31% |
| Return on assets (ROA) | 0.54% | 4.73% | 0.40% | 0.24% | -0.11% |
| Return on total capital | 3.32% | 9.84% | 3.66% | 4.82% | 5.33% |
| Return on equity (ROE) | 1.58% | 14.43% | 1.55% | 0.92% | -0.49% |
Clearway Energy Inc's profitability ratios show varied performance over the past five years.
- Operating return on assets (Operating ROA) has fluctuated between 1.63% and 3.46%, with a moderate increase in 2023 compared to the previous year.
- Return on assets (ROA) experienced significant volatility, jumping from a negative figure in 2019 to a high of 4.73% in 2022. However, in 2023, it decreased to just 0.54%.
- Return on total capital has also been inconsistent, ranging from 2.54% to 4.24%. In 2023, it stood at 2.87%, showing a slight improvement compared to the previous year.
- Return on equity (ROE) had a substantial increase from a negative figure in 2019 to 26.05% in 2022, but then dropped to 3.76% in 2023.
Overall, Clearway Energy Inc's profitability ratios depict a mixed performance, with notable fluctuations in ROA and ROE. The company may need to focus on sustaining and improving profitability metrics to ensure long-term financial health and shareholder value.