Clearway Energy Inc Class C (CWEN)
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 | 870,000 | 873,000 | 759,000 | 798,000 | 841,000 | 876,000 | 881,000 | 849,000 | 755,000 | 785,000 | 777,000 | 794,000 | 835,000 | 823,000 | 826,000 | 795,000 | 833,000 | 787,000 | 762,000 | 726,000 |
| Revenue (ttm) | US$ in thousands | 1,371,000 | 1,364,000 | 1,249,000 | 1,289,000 | 1,314,000 | 1,333,000 | 1,302,000 | 1,264,000 | 1,190,000 | 1,240,000 | 1,251,000 | 1,263,000 | 1,286,000 | 1,248,000 | 1,229,000 | 1,178,000 | 1,199,000 | 1,154,000 | 1,118,000 | 1,073,000 |
| Gross profit margin | 63.46% | 64.00% | 60.77% | 61.91% | 64.00% | 65.72% | 67.67% | 67.17% | 63.45% | 63.31% | 62.11% | 62.87% | 64.93% | 65.95% | 67.21% | 67.49% | 69.47% | 68.20% | 68.16% | 67.66% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $870,000K ÷ $1,371,000K
= 63.46%
Clearway Energy Inc Class C's gross profit margin has shown fluctuations over the periods analyzed. It started at a relatively high level of 67.66% in March 2020 and gradually increased to 69.47% by December 2020. However, from March 2021 to June 2022, there was a declining trend in the gross profit margin, reaching a low of 62.11% in June 2022.
Subsequently, there was some fluctuation in the gross profit margin from September 2022 to June 2023, ranging between 63.31% and 67.67%. However, there was a notable decline in the margin to 64.00% by December 2023. The trend continued to decrease, hitting a low of 60.77% in June 2024 before later increasing to 63.46% by December 2024.
Overall, although there were fluctuations in Clearway Energy Inc Class C's gross profit margin over the analyzed periods, the company maintained a relatively high margin above 60% for the majority of the time, with occasional dips seen in specific quarters. Monitoring and analyzing the factors impacting the gross profit margin during these periods could provide insights into the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2024