Clearway Energy Inc Class C (CWEN)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 870,000 | 841,000 | 755,000 | 835,000 | 833,000 |
| Revenue | US$ in thousands | 1,371,000 | 1,314,000 | 1,190,000 | 1,286,000 | 1,199,000 |
| Gross profit margin | 63.46% | 64.00% | 63.45% | 64.93% | 69.47% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $870,000K ÷ $1,371,000K
= 63.46%
Clearway Energy Inc Class C's gross profit margin has shown a downward trend over the past five years. Starting at 69.47% on December 31, 2020, it decreased to 64.93% by December 31, 2021, and continued to decline to 63.45% by December 31, 2022. Despite a slight increase to 64.00% by December 31, 2023, the margin decreased again to 63.46% by December 31, 2024. This trend indicates a potential erosion of the company's ability to generate profits from its core operations after accounting for the cost of goods sold. Further analysis is warranted to determine the underlying reasons for this decline and its impact on Clearway Energy Inc Class C's overall financial performance.
Peer comparison
Dec 31, 2024