Eversource Energy (ES)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-434,700	1,412,400	1,228,050	1,212,700	916,600
Revenue	US$ in thousands	11,910,700	12,289,300	9,863,080	8,904,430	8,526,500
Net profit margin		-3.65%	11.49%	12.45%	13.62%	10.75%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $-434,700K ÷ $11,910,700K
= -3.65%

The net profit margin of Eversource Energy has exhibited a downward trend over the past five years. In 2023, the net profit margin decreased significantly to -3.71%, indicating that the company's profitability suffered a decline, resulting in a negative margin. This contrasts with the previous year, where the net profit margin was at a relatively healthy level of 11.43%. However, prior to 2023, Eversource Energy maintained a stable and positive trend in profitability, with net profit margins ranging from 10.66% to 13.53% from 2019 to 2021. The sharp decline in the net profit margin in 2023 suggests that the company may have faced challenges or experienced adverse events impacting its profitability during that period. It would be crucial for stakeholders to closely monitor future financial performance to assess the company's ability to improve its profit margin and address any underlying issues affecting its profitability.