Consolidated Edison Inc (ED)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,519,000 | 2,375,000 | 2,462,000 | 2,491,000 | 1,660,000 | 1,694,000 | 1,619,000 | 1,529,000 | 1,346,000 | 1,165,000 | 1,120,000 | 1,145,000 | 1,101,000 | 1,353,000 | 1,333,000 | 1,295,000 | 1,344,000 | 1,380,000 | 1,342,000 | 1,378,000 |
| Revenue (ttm) | US$ in thousands | 14,663,000 | 15,250,000 | 15,543,000 | 16,014,000 | 15,671,000 | 15,055,000 | 14,503,000 | 14,059,000 | 13,676,000 | 13,221,000 | 12,941,000 | 12,689,000 | 12,246,000 | 12,237,000 | 12,269,000 | 12,294,000 | 12,574,000 | 12,572,000 | 12,535,000 | 12,487,000 |
| Net profit margin | 17.18% | 15.57% | 15.84% | 15.56% | 10.59% | 11.25% | 11.16% | 10.88% | 9.84% | 8.81% | 8.65% | 9.02% | 8.99% | 11.06% | 10.86% | 10.53% | 10.69% | 10.98% | 10.71% | 11.04% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,519,000K ÷ $14,663,000K
= 17.18%
Consolidated Edison, Inc.'s net profit margin has shown a positive trend over the past eight quarters. The company's net profit margin has been consistently above 10% for all quarters, indicating efficient cost management and solid profitability.
The highest net profit margin was recorded in Q4 2023 at 17.18%, reflecting strong performance in generating profits relative to its revenue. In comparison to the same quarter in the previous year (Q4 2022), there has been a notable improvement in profitability, showcasing the company's ability to enhance its bottom line.
Overall, the increasing trend in net profit margin demonstrates Consolidated Edison, Inc.'s ability to effectively control costs and generate higher profits, which could be attributed to various factors such as operational efficiency, revenue growth, or cost-saving initiatives. This consistent performance in net profit margin indicates a positive financial outlook for the company.
Peer comparison
Dec 31, 2023