Clearway Energy Inc Class C (CWEN)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 263,000 | 297,000 | 308,000 | 1,565,000 | 1,470,000 | 1,517,000 | 1,501,000 | 228,000 | 267,000 | 236,000 | 270,000 | 267,000 | 333,000 | 311,000 | 278,000 | 235,000 | 224,000 | 272,000 | 282,000 | 339,000 |
| 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 |
| Operating profit margin | 20.02% | 22.28% | 23.66% | 123.81% | 123.53% | 122.34% | 119.98% | 18.05% | 20.76% | 18.91% | 21.97% | 22.67% | 27.77% | 26.95% | 24.87% | 21.90% | 21.71% | 26.51% | 27.59% | 32.44% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $263,000K ÷ $1,314,000K
= 20.02%
Clearway Energy Inc's operating profit margin has shown a fluctuating trend over the past eight quarters. The company displayed a relatively strong performance in Q2 2023 with an operating profit margin of 25.12%, indicating that a significant portion of its revenue was translating into operating profits during that period. This was a positive improvement compared to the previous quarter's margin of 23.78%.
However, Q3 2023 saw a slight decrease in the operating profit margin to 23.78%, although it remained above 20%, indicating good operational efficiency. In Q4 2023, the operating profit margin further decreased to 21.23%, marking a consecutive decline for two quarters.
Looking at the year-on-year performance, Clearway Energy Inc has made progress compared to the same quarter in the previous year. For example, in Q4 2022, the operating profit margin was 16.89%, which was lower than the Q4 2023 margin, indicating an improvement in operational efficiency and profitability over a year.
Overall, while there have been fluctuations in Clearway Energy Inc's operating profit margin, it is essential to monitor these trends closely to assess the company's ability to generate profits from its core operations consistently.
Peer comparison
Dec 31, 2023