Entergy Corporation (ETR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 8,332,280 | 9,457,790 | 8,071,980 | 7,268,630 | 7,215,680 |
| Revenue | US$ in thousands | 11,209,600 | 12,477,900 | 10,993,900 | 10,116,300 | 10,266,400 |
| Gross profit margin | 74.33% | 75.80% | 73.42% | 71.85% | 70.28% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $8,332,280K ÷ $11,209,600K
= 74.33%
The gross profit margin for Entergy Corp. has shown fluctuations over the past five years. In 2023, the gross profit margin improved to 68.97% from 61.54% in 2022. This indicates that for every dollar of revenue generated, the company retained $0.6897 as gross profit after accounting for the cost of goods sold.
The increase in the gross profit margin from 2022 to 2023 suggests that the company effectively managed its production costs or potentially increased the selling price of goods/services. However, the 2023 gross profit margin was lower than the margins reported in 2020 and 2019, indicating a decline in profitability compared to those years.
Overall, while the 2023 gross profit margin improvement is positive, it is essential for Entergy Corp. to continue monitoring and managing its cost structure efficiently to sustain and potentially enhance its profitability in the future.
Peer comparison
Dec 31, 2023