Eversource Energy (ES)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	2,399,340	2,198,150	1,993,300	1,988,730	1,590,490
Revenue	US$ in thousands	11,910,700	12,289,300	9,863,080	8,904,430	8,526,500
Operating profit margin		20.14%	17.89%	20.21%	22.33%	18.65%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $2,399,340K ÷ $11,910,700K
= 20.14%

The operating profit margin of Eversource Energy has shown fluctuations over the past five years. In 2023, the operating profit margin was 20.14%, which represents a moderate increase from the previous year's 17.89%. However, it is slightly lower compared to the margins in 2021 (20.21%), 2020 (22.33%), and 2019 (21.46%). Despite the slight decrease in 2023, the company has maintained a relatively healthy operating profit margin above 20% over the period, indicating efficient cost management and profitability in its operations. Further analysis of the company's financial statements and business operations would be required to fully understand the factors influencing these margin fluctuations.