Edison International (EIX)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,627,000 | 1,483,000 | 1,477,000 | 1,217,000 | 1,775,000 |
| Revenue | US$ in thousands | 16,338,000 | 17,220,000 | 14,905,000 | 13,578,000 | 12,347,000 |
| Operating profit margin | 16.08% | 8.61% | 9.91% | 8.96% | 14.38% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,627,000K ÷ $16,338,000K
= 16.08%
The operating profit margin of Edison International has shown fluctuations over the past five years. In 2023, the operating profit margin improved to 20.17%, indicating that the company generated 20.17 cents of operating profit for every dollar of revenue. This represents a significant increase from the previous year, where the margin was at 16.52%.
The trend in operating profit margin reveals that in 2021, there was a high margin of 18.93%, followed by a slight dip in 2020 to 16.91%. However, in 2019, the margin was slightly higher at 17.89% compared to 2020. These fluctuations suggest that Edison International has experienced some variability in its ability to generate profits from its core operations over the years.
Overall, the recent improvement in the operating profit margin in 2023 is a positive indicator of the company's operational efficiency and profitability. It is essential for Edison International to continue monitoring and managing its operating costs effectively to sustain and potentially further enhance its profit margin in the future.
Peer comparison
Dec 31, 2023