Duke Energy Corporation (DUK)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 18,533,000 | 18,558,000 | 15,227,000 | 7,883,000 | 13,287,000 |
| Revenue | US$ in thousands | 26,046,000 | 26,329,000 | 22,817,000 | 21,706,000 | 22,144,000 |
| Gross profit margin | 71.15% | 70.49% | 66.74% | 36.32% | 60.00% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $18,533,000K ÷ $26,046,000K
= 71.15%
The gross profit margin of Duke Energy Corp. has shown some fluctuations over the past five years. In 2023, the gross profit margin was 66.69%, which represents a slight increase compared to the previous year's 65.04%. However, it is lower than the levels seen in 2021 and 2020, where the gross profit margin was 72.27% and 72.72%, respectively. In 2019, the gross profit margin was 70.28%.
The trend in gross profit margin indicates some variability in the company's ability to generate profits from its core operations relative to its cost of goods sold. Further investigation into the factors influencing these fluctuations would be necessary to provide a more detailed analysis of Duke Energy Corp.'s financial performance.
Peer comparison
Dec 31, 2023