Clearway Energy Inc Class C (CWEN)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 79,000 | 582,000 | 51,000 | 25,000 | -11,000 |
| Revenue | US$ in thousands | 1,314,000 | 1,190,000 | 1,286,000 | 1,199,000 | 1,032,000 |
| Net profit margin | 6.01% | 48.91% | 3.97% | 2.09% | -1.07% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $79,000K ÷ $1,314,000K
= 6.01%
Clearway Energy Inc's net profit margin has shown significant variability over the past five years. In 2019, the company reported a negative net profit margin of -1.07%, indicating that it incurred a net loss relative to its revenue. However, the company's performance improved markedly in the subsequent years, with the net profit margin increasing to 2.09% in 2020 and further to 3.97% in 2021.
The most drastic improvement occurred in 2022, where Clearway Energy Inc achieved a substantially higher net profit margin of 48.91%. This sharp increase suggests a significant increase in profitability and efficiency in managing costs relative to revenue during that year.
However, the net profit margin decreased to 6.01% in 2023, although it remains positive. This could indicate either a decline in profitability compared to the previous year or a return to more sustainable levels following the exceptionally high margin in 2022.
Overall, while the company's net profit margin has exhibited considerable fluctuations in recent years, it has generally trended upwards, reflecting improvements in operational efficiency and profitability over the period under review.
Peer comparison
Dec 31, 2023