Exelon Corporation (EXC)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 4,023,000 | 3,315,000 | 2,682,000 | 2,191,000 | 4,374,000 |
| Revenue | US$ in thousands | 21,727,000 | 19,078,000 | 17,938,000 | 16,663,000 | 34,438,000 |
| Operating profit margin | 18.52% | 17.38% | 14.95% | 13.15% | 12.70% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $4,023,000K ÷ $21,727,000K
= 18.52%
Exelon Corp.'s operating profit margin has shown fluctuations over the past five years. In 2023, the operating profit margin improved to 18.47%, representing an increase from the previous year's margin of 17.39%. This uptick indicates that Exelon managed to generate more operating profit as a percentage of its revenue in 2023.
Comparing with 2021 and 2020, where the operating profit margins were 6.94% and 8.47%, respectively, the company demonstrated a significant recovery in profitability. However, the 2023 margin remains below the 2019 level of 12.61%, reflecting a longer-term downward trend in profitability since that year.
Given the positive movement in the operating profit margin in 2023, Exelon may have implemented effective cost-control measures or experienced revenue growth during the year. Ongoing monitoring of the operating profit margin trend will be essential to assess the company's ability to sustain and enhance its profitability in the future.
Peer comparison
Dec 31, 2023