Clearway Energy Inc Class C (CWEN)
Gross 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 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 | 695,000 | 701,000 | 697,000 | 724,000 |
| Revenue (ttm) | US$ in thousands | 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 | 1,032,000 | 1,026,000 | 1,022,000 | 1,045,000 |
| Gross profit margin | 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% | 67.34% | 68.32% | 68.20% | 69.28% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $841,000K ÷ $1,314,000K
= 64.00%
The gross profit margin for Clearway Energy Inc has exhibited variability over the past eight quarters, ranging from a low of 62.11% in Q2 2022 to a high of 67.67% in Q2 2023. Overall, the trend shows a generally increasing pattern from Q2 2022 to Q2 2023, suggesting improved efficiency in generating profits from sales. However, there was a slight dip in Q4 2023 compared to the previous quarter, which may warrant further investigation into factors affecting the company's cost of goods sold or pricing strategies. Clearway Energy Inc's current gross profit margin of 64.00% in Q4 2023 indicates that the company is retaining 64 cents in gross profit from each dollar of revenue, which, though lower than the peak seen in Q2 2023, is still relatively healthy and reflective of effective cost management in its operations.
Peer comparison
Dec 31, 2023