Duke Energy Corporation (DUK)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 29,792,000 | 13,756,000 | 12,976,000 | 12,095,000 | 11,353,000 |
| Revenue | US$ in thousands | 30,357,000 | 29,060,000 | 28,768,000 | 25,097,000 | 23,366,000 |
| Gross profit margin | 98.14% | 47.34% | 45.11% | 48.19% | 48.59% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $29,792,000K ÷ $30,357,000K
= 98.14%
The gross profit margin of Duke Energy Corporation has displayed some fluctuations over the years. As of December 31, 2020, the gross profit margin stood at 48.59%, showing a slight decrease to 48.19% by December 31, 2021. However, there was a more noticeable decline to 45.11% by December 31, 2022. The margin then rebounded to 47.34% by December 31, 2023. Notably, there was a significant surge in the gross profit margin to 98.14% by December 31, 2024.
The drastic increase in the gross profit margin in 2024 could be an outlier or may signal a significant event that impacted the company's cost structure or revenue generation. It is advisable to further investigate the reasons behind these fluctuations to assess the financial health and operational efficiency of Duke Energy Corporation.
Peer comparison
Dec 31, 2024