Eversource Energy (ES)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,703,610 | 4,846,760 | 5,409,930 | 4,751,060 | 4,436,340 |
| Revenue | US$ in thousands | 11,900,800 | 11,910,700 | 12,289,300 | 9,863,080 | 8,904,430 |
| Gross profit margin | 31.12% | 40.69% | 44.02% | 48.17% | 49.82% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,703,610K ÷ $11,900,800K
= 31.12%
The gross profit margin of Eversource Energy has exhibited a downward trend over the five-year period from December 31, 2020, to December 31, 2024. Starting at 49.82% in 2020, the gross profit margin decreased to 48.17% in 2021, further declining to 44.02% in 2022, 40.69% in 2023, and finally reaching 31.12% by the end of 2024. This downward trajectory may indicate challenges in maintaining profitability, potentially driven by factors such as increased costs, pricing pressures, or changes in revenue mix. It is crucial for the company to closely monitor and address the drivers behind this trend to sustain healthy financial performance in the future.
Peer comparison
Dec 31, 2024