Clearway Energy Inc Class C (CWEN)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 263,000 | 1,470,000 | 267,000 | 333,000 | 224,000 |
| Revenue | US$ in thousands | 1,314,000 | 1,190,000 | 1,286,000 | 1,199,000 | 1,032,000 |
| Operating profit margin | 20.02% | 123.53% | 20.76% | 27.77% | 21.71% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $263,000K ÷ $1,314,000K
= 20.02%
The operating profit margin of Clearway Energy Inc has exhibited fluctuations over the past five years. In 2023, the operating profit margin stood at 21.23%, showing a slight improvement compared to 2022 when it was 16.89%. However, this margin was lower than the levels observed in 2021 and 2020, which were 21.77% and 30.53% respectively. The highest operating profit margin was recorded in 2020 at 30.53%, indicating a strong performance in generating profit from operations. Despite the fluctuations, the company has been able to maintain relatively healthy operating profit margins above 15% over the period under review, suggesting efficient management of operating expenses and good operational performance.
Peer comparison
Dec 31, 2023