FirstEnergy Corporation (FE)
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 | 11,144,000 | 11,115,000 | 11,060,000 | 10,822,000 | 10,573,000 | 10,184,000 | 9,910,000 | 9,792,000 | 9,551,000 | 9,439,000 | 9,368,000 | 9,303,000 | 9,306,000 | 10,650,000 | 10,566,000 | 10,504,000 | 10,640,000 | 10,677,000 | 10,700,000 | 12,513,000 |
| Revenue (ttm) | US$ in thousands | 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 | 11,035,000 | 11,072,000 | 11,173,000 | 11,282,000 |
| Gross profit margin | 86.59% | 86.16% | 85.81% | 85.21% | 84.86% | 85.28% | 85.50% | 85.93% | 85.80% | 85.74% | 85.89% | 86.08% | 86.25% | 97.47% | 97.23% | 96.71% | 96.42% | 96.43% | 95.77% | 110.91% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $11,144,000K ÷ $12,870,000K
= 86.59%
The gross profit margin of Firstenergy Corp. has shown a declining trend over the last eight quarters. It decreased from 68.20% in Q1 2022 to 63.90% in Q4 2023, with fluctuations in between. This downward trend suggests that the company may be facing challenges in effectively managing its cost of goods sold relative to its revenue. Further investigation into the factors impacting the gross profit margin, such as changes in pricing strategies, cost structures, or economic conditions, would be necessary to understand the reasons behind this trend and to assess the company's overall profitability.
Peer comparison
Dec 31, 2023