Consolidated Edison Inc (ED)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,196,000 | 2,624,000 | 2,826,000 | 2,654,000 | 2,676,000 |
| Revenue | US$ in thousands | 14,663,000 | 15,670,000 | 13,676,000 | 12,246,000 | 12,574,000 |
| Operating profit margin | 21.80% | 16.75% | 20.66% | 21.67% | 21.28% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,196,000K ÷ $14,663,000K
= 21.80%
Consolidated Edison, Inc.'s operating profit margin has shown a decreasing trend over the past five years. The operating profit margin was 15.90% as of December 31, 2023, down from 16.75% in the previous year and significantly lower than the levels seen in 2021 (20.66%), 2020 (21.67%), and 2019 (21.28%).
This declining trend in operating profit margin may indicate challenges in controlling operating expenses relative to revenue generation. It suggests that the company may be facing increased costs or experiencing a slowdown in its ability to generate profits from its core business operations.
Investors and stakeholders may closely monitor this metric to assess the company's operational efficiency and profitability over time, as changes in operating profit margin can provide valuable insights into the company's financial performance and strategic direction. Further analysis would be necessary to understand the factors driving this trend and evaluate the company's future prospects.
Peer comparison
Dec 31, 2023