Consolidated Edison Inc (ED)

Gross profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Gross profit US$ in thousands 9,506,000 10,506,000 8,313,000 7,365,000 8,402,000
Revenue US$ in thousands 14,663,000 15,670,000 13,676,000 12,246,000 12,574,000
Gross profit margin 64.83% 67.05% 60.79% 60.14% 66.82%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $9,506,000K ÷ $14,663,000K
= 64.83%

Consolidated Edison, Inc.'s gross profit margin has shown some fluctuations over the past five years. In 2023, the gross profit margin was 75.09%, a slight increase from the previous year's 73.96%. However, compared to 2021 and 2020, where the gross profit margin was 79.86% and 81.36% respectively, there has been a noticeable decrease in profitability. The gross profit margin in 2019 was 79.06%, showing a slight drop compared to 2023.

Overall, the trend in the gross profit margin for Consolidated Edison, Inc. appears to have experienced variations in recent years. Further analysis and comparison with industry peers would be necessary to determine the underlying factors driving these fluctuations.


Peer comparison

Dec 31, 2023