Duke Energy Corporation (DUK)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 7,070,000 | 6,409,000 | 6,354,000 | 6,372,000 | 6,012,000 | 5,928,000 | 5,598,000 | 5,348,000 | 5,500,000 | 4,482,000 | 4,570,000 | 4,549,000 | 4,571,000 | 5,588,000 | 5,703,000 | 5,824,000 | 5,709,000 | 5,471,000 | 5,121,000 | 4,802,000 |
| 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 |
| Operating profit margin | 27.14% | 24.66% | 24.33% | 24.19% | 22.83% | 23.14% | 22.72% | 22.52% | 24.10% | 20.00% | 20.55% | 20.75% | 21.20% | 25.83% | 26.34% | 26.55% | 25.78% | 24.65% | 23.37% | 22.12% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $7,070,000K ÷ $26,046,000K
= 27.14%
The operating profit margin of Duke Energy Corp. has shown a generally positive trend over the past eight quarters. Starting from 21.40% in Q3 2022, the margin has steadily increased to reach 24.44% in Q4 2023. This indicates that the company has been effectively managing its operating expenses in relation to its revenue during this period.
The consistent improvement in operating profit margin reflects enhanced efficiency in cost control and operations management. It suggests that Duke Energy Corp. has been able to increase its profitability per dollar of sales over time. This could be attributed to various factors such as operational optimization, effective resource allocation, or potentially improved pricing strategies.
Overall, the gradual and sustained growth in operating profit margin for Duke Energy Corp. demonstrates positive operational performance and financial discipline within the company. It indicates a robust financial position and efficient management of resources, which may strengthen investor confidence in the company's ability to generate sustainable profits.
Peer comparison
Dec 31, 2023