FirstEnergy Corporation (FE)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 6,314,000 | 6,255,000 | 5,917,000 | 7,173,000 | 8,224,000 | 8,021,000 | 8,012,000 | 7,866,000 | 7,866,000 | 7,740,000 | 7,701,000 | 7,771,000 | 7,687,000 | 7,720,000 | 7,757,000 | 7,693,000 | 7,720,000 | 7,725,000 | 7,613,000 | 7,557,000 |
| Revenue (ttm) | US$ in thousands | 13,472,000 | 13,442,000 | 13,200,000 | 12,926,000 | 12,870,000 | 12,901,000 | 12,889,000 | 12,701,000 | 12,459,000 | 11,942,000 | 11,591,000 | 11,395,000 | 11,132,000 | 11,009,000 | 10,907,000 | 10,807,000 | 10,790,000 | 10,926,000 | 10,867,000 | 10,861,000 |
| Gross profit margin | 46.87% | 46.53% | 44.83% | 55.49% | 63.90% | 62.17% | 62.16% | 61.93% | 63.14% | 64.81% | 66.44% | 68.20% | 69.05% | 70.12% | 71.12% | 71.19% | 71.55% | 70.70% | 70.06% | 69.58% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $6,314,000K ÷ $13,472,000K
= 46.87%
The gross profit margin of FirstEnergy Corporation has shown a fluctuating trend from March 31, 2020, to December 31, 2024, declining overall during this period. Starting at 69.58% in March 2020, the margin gradually increased to a peak of 71.55% by the end of December 2020. However, after this peak, there was a downward trend in the margin, falling to 63.14% by the end of December 2022.
The margin experienced a slight recovery in March 2023, reaching 61.93%, before increasing further to 63.90% by the end of December 2023. However, this recovery was short-lived, as the margin declined to 55.49% by the end of March 2024, showing a significant drop.
Subsequently, the gross profit margin experienced sharp declines, dropping to 44.83% by the end of June 2024 and further decreasing to 46.87% by the end of December 2024. The declining trend in the gross profit margin suggests challenges in controlling costs or generating revenue, impacting the company's profitability during this period.
Peer comparison
Dec 31, 2024