Eversource Energy (ES)

Gross 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
Gross profit (ttm)	US$ in thousands	6,263,170	10,694,470	11,011,680	11,295,620	10,672,730	10,112,470	9,425,380	9,067,220	8,561,590	8,347,100	8,263,390	8,101,000	7,740,490	7,904,340	7,751,150	7,425,470	7,512,410	7,496,910	7,617,240	7,869,680
Revenue (ttm)	US$ in thousands	11,910,680	12,246,180	12,670,280	12,613,580	12,289,250	11,741,430	10,958,630	10,508,490	9,863,020	9,615,070	9,525,870	9,356,470	8,904,330	8,720,800	8,553,000	8,484,400	8,526,500	8,511,000	8,606,600	8,576,000
Gross profit margin		52.58%	87.33%	86.91%	89.55%	86.85%	86.13%	86.01%	86.28%	86.80%	86.81%	86.75%	86.58%	86.93%	90.64%	90.62%	87.52%	88.11%	88.08%	88.50%	91.76%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $6,263,170K ÷ $11,910,680K
= 52.58%

Eversource Energy's gross profit margin has shown a declining trend over the past quarters, decreasing from 64.19% in Q1 2022 to 56.61% in Q4 2023. This indicates that the company's profitability in terms of its core operations has somewhat weakened. While the gross profit margin fluctuates from quarter to quarter, the overall downward trajectory suggests potential challenges in managing costs and maintaining revenue generation efficiency. It is crucial for Eversource Energy to closely monitor its cost structure and revenue streams to improve its profitability and enhance shareholder value in the future.