Eversource Energy (ES)

Operating 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
Operating income (ttm)	US$ in thousands	2,399,383	2,363,118	2,389,811	2,284,718	2,198,200	2,148,714	2,074,721	2,070,757	1,993,302	1,975,239	2,053,169	2,035,219	1,988,739	1,969,605	1,917,575	1,634,920	1,590,500	1,554,900	1,511,700	1,752,100
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
Operating profit margin		20.14%	19.30%	18.86%	18.11%	17.89%	18.30%	18.93%	19.71%	20.21%	20.54%	21.55%	21.75%	22.33%	22.59%	22.42%	19.27%	18.65%	18.27%	17.56%	20.43%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,399,383K ÷ $11,910,680K
= 20.14%

The operating profit margin of Eversource Energy has shown a gradual increase over the past two years, with the most recent quarter of Q4 2023 reaching 20.14%. This indicates that for every dollar of revenue generated, the company is currently able to keep approximately 20.14 cents as operating profit after deducting operating expenses. The consistently positive trend suggests that the company has been effectively managing its operating costs and increasing its profitability marginally over time. Despite minor fluctuations between quarters, the overall trajectory of Eversource Energy's operating profit margin appears to be positive and indicates a stable financial performance.