FirstEnergy Corporation (FE)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	11,144,000	10,573,000	9,551,000	9,306,000	9,459,000
Revenue	US$ in thousands	12,870,000	12,459,000	11,132,000	10,790,000	11,035,000
Gross profit margin		86.59%	84.86%	85.80%	86.25%	85.72%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $11,144,000K ÷ $12,870,000K
= 86.59%

The gross profit margin of Firstenergy Corp. has shown a decreasing trend over the past five years, from 68.97% in 2019 to 63.90% in 2023. This suggests that the company's ability to generate profit from its core business operations has been slightly eroding. There was a notable drop in the gross profit margin from 2021 to 2022, indicating potential challenges in managing costs or maintaining pricing power. While the current gross profit margin of 63.90% is still relatively healthy, it is important for the company to closely monitor and address factors impacting its profitability to ensure long-term sustainability.