Exelon Corporation (EXC)

Gross 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
Gross profit (ttm)	US$ in thousands	16,332,000	15,875,000	14,814,000	14,268,000	13,953,000	18,180,000	21,326,000	24,031,000	27,321,000	25,071,000	25,363,000	25,456,000	25,041,000	27,941,000	28,225,000	28,507,000	24,612,000	25,083,000	21,243,000	18,357,000
Revenue (ttm)	US$ in thousands	21,728,000	21,027,000	19,892,000	19,313,000	19,077,000	18,835,000	18,853,000	18,634,000	17,939,000	22,017,000	26,007,000	29,309,000	33,424,000	33,265,000	33,341,000	33,708,000	34,438,000	34,907,000	35,379,000	35,764,000
Gross profit margin		75.17%	75.50%	74.47%	73.88%	73.14%	96.52%	113.12%	128.96%	152.30%	113.87%	97.52%	86.85%	74.92%	84.00%	84.66%	84.57%	71.47%	71.86%	60.04%	51.33%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $16,332,000K ÷ $21,728,000K
= 75.17%

Exelon Corp.'s gross profit margin has shown a fluctuating trend over the past eight quarters. The margin peaked at 67.43% in Q4 2022, then experienced a gradual decline in consecutive quarters until Q2 2023 where it hit its recent low of 65.62%. However, there was a slight improvement in Q3 2023, with the margin rising to 63.13%. Notably, Q4 2023 saw a further decrease to 62.07%, indicating a continued decline in the company's gross profit margin. Overall, although Exelon Corp. has maintained relatively healthy gross profit margins above 58%, the recent downward trend may warrant further investigation into the factors impacting the company's profitability.