Dominion Energy Inc (D)

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	13,642,000	11,791,000	12,234,000	12,034,000	11,105,000	12,183,000	11,309,000	10,534,000	10,116,000	10,876,000	9,980,000	10,214,000	10,075,000	11,029,000	12,633,000	13,221,000	12,643,000	11,529,000	11,015,000	10,761,000
Revenue (ttm)	US$ in thousands	14,393,000	14,666,000	14,817,000	15,247,000	15,643,000	15,716,000	14,931,000	14,373,000	13,964,000	13,605,000	14,036,000	14,104,000	14,172,000	14,546,000	14,721,000	15,058,000	14,401,000	13,867,000	13,536,000	13,181,000
Gross profit margin		94.78%	80.40%	82.57%	78.93%	70.99%	77.52%	75.74%	73.29%	72.44%	79.94%	71.10%	72.42%	71.09%	75.82%	85.82%	87.80%	87.79%	83.14%	81.38%	81.64%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $13,642,000K ÷ $14,393,000K
= 94.78%

Dominion Energy Inc's gross profit margin has exhibited some fluctuations in recent quarters. In Q4 2023, the gross profit margin was 70.30%, which was higher compared to the previous quarter but slightly lower than the margins seen a year ago. Throughout the year, the company's gross profit margin ranged from 67.06% to 70.30%, indicating some variability in its ability to generate profit from its core operations. It is worth noting that the gross profit margins in 2023 were generally lower than those observed in 2022, suggesting potential challenges in managing production or operating costs. Overall, Dominion Energy Inc may need to focus on optimizing its cost structure to improve its gross profit margins in the future.