Duke Energy Corporation (DUK)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 7,070,000 | 6,012,000 | 5,500,000 | 4,571,000 | 5,709,000 |
| Revenue | US$ in thousands | 26,046,000 | 26,329,000 | 22,817,000 | 21,706,000 | 22,144,000 |
| Operating profit margin | 27.14% | 22.83% | 24.10% | 21.06% | 25.78% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $7,070,000K ÷ $26,046,000K
= 27.14%
The operating profit margin of Duke Energy Corp. has shown fluctuations over the past five years. In 2023, the operating profit margin reached 24.44%, reflecting an increase compared to the previous year's 22.33%. This improvement suggests that the company was able to generate more operating profit relative to its revenue in 2023.
When compared to 2020, the operating profit margin in 2023 represents a significant jump from 14.76% to 24.44%, indicating a strong performance in managing operating expenses and increasing profitability. However, it is worth noting that the operating profit margin was slightly lower in 2021 at 22.78% compared to 2023.
Overall, Duke Energy Corp. has displayed a generally healthy operating profit margin trend over the past five years, with fluctuations primarily driven by changes in operating expenses and revenue generation. The company's ability to maintain a strong operating profit margin indicates effective cost management and improved operational efficiency.
Peer comparison
Dec 31, 2023