Clearway Energy Inc Class C (CWEN)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 841,000 | 755,000 | 835,000 | 833,000 | 695,000 |
| Revenue | US$ in thousands | 1,314,000 | 1,190,000 | 1,286,000 | 1,199,000 | 1,032,000 |
| Gross profit margin | 64.00% | 63.45% | 64.93% | 69.47% | 67.34% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $841,000K ÷ $1,314,000K
= 64.00%
Clearway Energy Inc's gross profit margin has shown fluctuation over the past five years, ranging from 64.00% in 2023 to 66.86% in 2019. The trend suggests some variability in the company's ability to generate profits from its core operations.
In 2020, the gross profit margin peaked at 69.47%, indicating strong profitability relative to revenues. However, this was followed by a decline over the next three years, with margins in 2021 and 2022 staying below the 2020 level.
While the 2023 gross profit margin of 64.00% is slightly lower than the previous year, it remains within the range observed in recent years. This suggests that Clearway Energy Inc may be experiencing some challenges in maintaining its profitability, but overall, the company has been able to sustain a reasonably healthy level of gross profit margin over the period analyzed.
Further analysis of the company's cost structure and revenue generation may provide insights into the factors driving these fluctuations in gross profit margin.
Peer comparison
Dec 31, 2023