Consolidated Edison Inc (ED)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 12,517,000 | 7,405,000 | 7,685,000 | 7,668,000 | 7,149,000 |
| Revenue | US$ in thousands | 15,256,000 | 14,663,000 | 15,670,000 | 13,676,000 | 12,246,000 |
| Gross profit margin | 82.05% | 50.50% | 49.04% | 56.07% | 58.38% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $12,517,000K ÷ $15,256,000K
= 82.05%
Consolidated Edison Inc's gross profit margin has displayed fluctuations over the past five years. The margin decreased from 58.38% as of December 31, 2020, to 56.07% by December 31, 2021. There was a notable decline in the margin to 49.04% by December 31, 2022, suggesting potential challenges in maintaining profitability.
However, there was a slight improvement in the gross profit margin to 50.50% by December 31, 2023, indicating some recovery. The most significant increase in the margin was observed by December 31, 2024, reaching 82.05%, showcasing a substantial improvement in profitability during that period.
Overall, the fluctuations in Consolidated Edison Inc's gross profit margin signal varying levels of efficiency in managing production costs and generating revenue over the years. It is essential for the company to focus on sustaining and potentially building upon the positive momentum observed in the most recent period to ensure sustained profitability.
Peer comparison
Dec 31, 2024