Eversource Energy (ES)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	6,371,650	10,672,800	8,561,650	7,740,540	7,162,910
Revenue	US$ in thousands	11,910,700	12,289,300	9,863,080	8,904,430	8,526,500
Gross profit margin		53.50%	86.85%	86.81%	86.93%	84.01%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $6,371,650K ÷ $11,910,700K
= 53.50%

Eversource Energy's gross profit margin has shown a declining trend over the past five years, decreasing from 64.34% in 2019 to 56.61% in 2023. This signifies that the company is retaining a lower percentage of revenue after deducting the cost of goods sold. Factors contributing to this decline may include increasing costs of operations or pricing pressures within the industry. It is important for Eversource Energy to closely monitor and address the drivers behind this trend to maintain profitability and competitiveness in the market.