Duke Energy Corporation (DUK)

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	18,924,000	18,677,000	18,809,000	19,050,000	18,728,000	17,798,000	16,716,000	15,809,000	15,227,000	8,421,000	8,528,000	8,406,000	8,142,000	13,059,000	13,120,000	13,440,000	13,581,000	12,083,000	11,817,000	11,590,000
Revenue (ttm)	US$ in thousands	26,046,000	25,986,000	26,113,000	26,340,000	26,329,000	25,616,000	24,639,000	23,747,000	22,817,000	22,413,000	22,242,000	21,923,000	21,557,000	21,631,000	21,652,000	21,938,000	22,144,000	22,196,000	21,910,000	21,706,000
Gross profit margin		72.66%	71.87%	72.03%	72.32%	71.13%	69.48%	67.84%	66.57%	66.74%	37.57%	38.34%	38.34%	37.77%	60.37%	60.59%	61.26%	61.33%	54.44%	53.93%	53.40%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $18,924,000K ÷ $26,046,000K
= 72.66%

Duke Energy Corp.'s gross profit margin has displayed some fluctuations over the past eight quarters. The trend indicates a general decline from the first quarter of 2022 to the fourth quarter of 2023. It peaked at 71.09% in the first quarter of 2022 and has since experienced a downward trajectory, reaching 66.69% in the fourth quarter of 2023. This downward trend suggests a potential decrease in the company's profitability relative to its revenues and cost of goods sold. Further analysis of the underlying factors driving these changes would provide a more in-depth understanding of Duke Energy Corp.'s financial performance.