Evergy, Inc. (EVRG)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,885,400 | 1,689,000 | 2,629,600 | 2,631,800 | 2,388,200 |
| Revenue | US$ in thousands | 5,847,300 | 5,508,200 | 5,859,100 | 5,586,700 | 4,913,400 |
| Gross profit margin | 83.55% | 30.66% | 44.88% | 47.11% | 48.61% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,885,400K ÷ $5,847,300K
= 83.55%
Evergy, Inc.'s gross profit margin has shown fluctuations over the years. Starting at 48.61% in December 2020, it decreased to 47.11% by December 2021 and further dropped to 44.88% by December 2022. The margin experienced a drastic decline to 30.66% by December 2023 before experiencing a significant increase to 83.55% by December 2024. These fluctuations indicate that Evergy has faced challenges impacting its cost of goods sold and revenue generation over the years, with a notable recovery in profitability in 2024. Further analysis into the underlying factors driving these fluctuations would provide deeper insights into the company's financial performance and operational efficiency.
Peer comparison
Dec 31, 2024