Consolidated Edison Inc (ED)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,519,000 | 1,660,000 | 1,346,000 | 1,101,000 | 1,343,000 |
| Revenue | US$ in thousands | 14,663,000 | 15,670,000 | 13,676,000 | 12,246,000 | 12,574,000 |
| Net profit margin | 17.18% | 10.59% | 9.84% | 8.99% | 10.68% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $2,519,000K ÷ $14,663,000K
= 17.18%
Consolidated Edison, Inc.'s net profit margin has exhibited a generally positive trend over the past five years. The company's net profit margin increased from 10.68% in 2019 to 17.18% in 2023, indicating an improvement in profitability. This upward trajectory suggests that Consolidated Edison, Inc. has been effectively managing its expenses and generating more profits relative to its revenue in recent years. The company's ability to sustain and enhance its net profit margin demonstrates its resilience and efficiency in converting revenue into net income. Overall, the consistent growth in net profit margin reflects positively on Consolidated Edison, Inc.'s financial performance and strategic management.
Peer comparison
Dec 31, 2023