FirstEnergy Corporation (FE)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	9,096,000	8,224,000	7,866,000	7,687,000	7,720,000
Revenue	US$ in thousands	13,472,000	12,870,000	12,459,000	11,132,000	10,790,000
Gross profit margin		67.52%	63.90%	63.14%	69.05%	71.55%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $9,096,000K ÷ $13,472,000K
= 67.52%

Based on the data provided, the gross profit margin of FirstEnergy Corporation has shown some fluctuations over the years. In December 2020, the gross profit margin was at a relatively high level of 71.55%, indicating that the company was able to effectively generate profit from its core operations after accounting for the cost of goods sold.

However, by December 2021, the gross profit margin decreased to 69.05%, suggesting a slight decline in the efficiency of the company's production and pricing strategies. This trend continued into December 2022, with the gross profit margin further decreasing to 63.14%. This significant drop could be attributed to various factors such as increased costs of production or pricing pressures in the industry.

In December 2023, there was a slight recovery in the gross profit margin, which rose to 63.90%. This improvement may indicate that FirstEnergy Corporation implemented measures to enhance its profitability, such as cost-cutting initiatives or pricing adjustments.

By December 2024, the gross profit margin increased to 67.52%, showing a more significant improvement compared to the previous year. This rebound could be a result of successful cost management strategies, better pricing decisions, or an overall improvement in operational efficiency.

Overall, while there have been fluctuations in FirstEnergy Corporation's gross profit margin over the years, the company has shown resilience and the ability to adapt to changing market conditions to maintain a healthy level of profitability in its core operations.