Eversource Energy (ES)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,703,613 | 4,047,026 | 3,944,453 | 3,896,117 | 3,791,514 | 3,793,284 | 4,392,406 | 4,778,747 | 5,409,940 | 5,327,280 | 5,117,050 | 4,998,420 | 4,751,050 | 4,671,150 | 4,713,420 | 4,643,061 | 4,436,341 | 4,319,206 | 4,228,336 | 4,172,976 |
| Revenue (ttm) | US$ in thousands | 11,900,810 | 11,623,520 | 11,351,780 | 11,447,600 | 11,910,660 | 12,246,200 | 12,670,360 | 12,613,660 | 12,289,330 | 11,741,500 | 10,987,060 | 10,536,960 | 9,891,490 | 9,643,510 | 9,525,950 | 9,356,540 | 8,904,430 | 8,720,890 | 8,553,050 | 8,484,420 |
| Gross profit margin | 31.12% | 34.82% | 34.75% | 34.03% | 31.83% | 30.98% | 34.67% | 37.89% | 44.02% | 45.37% | 46.57% | 47.44% | 48.03% | 48.44% | 49.48% | 49.62% | 49.82% | 49.53% | 49.44% | 49.18% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,703,613K ÷ $11,900,810K
= 31.12%
The gross profit margin of Eversource Energy has shown a gradual decline over the past few quarters, starting at 49.18% in March 2020 and dropping to 31.12% by December 2024. The trend indicates a decrease in the percentage of revenue retained after accounting for the cost of goods sold. While the company maintained a relatively stable margin around the mid to high 40s percentage range in 2020 and 2021, it started a more significant decline from March 2022 onwards, reaching its lowest point at 30.98% in September 2023. The metric saw a slight recovery in the following quarters but remained below the levels seen in the earlier periods of the analysis. This downward trend in the gross profit margin may suggest potential challenges in managing production costs or pricing strategies that could impact the company's profitability over time. Monitoring and addressing factors influencing this margin will be crucial for Eversource Energy to sustain and improve its financial performance.
Peer comparison
Dec 31, 2024