FirstEnergy Corporation (FE)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,102,000 | 406,000 | 1,283,000 | 1,079,000 | 912,000 |
| Revenue | US$ in thousands | 12,870,000 | 12,459,000 | 11,132,000 | 10,790,000 | 11,035,000 |
| Net profit margin | 8.56% | 3.26% | 11.53% | 10.00% | 8.26% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,102,000K ÷ $12,870,000K
= 8.56%
The net profit margin of Firstenergy Corp. has fluctuated over the past five years. In 2023, the company achieved a net profit margin of 8.56%, which represents an increase compared to the previous year. This improvement indicates that the company was able to generate a higher percentage of net income relative to its revenue in 2023.
In 2022, the net profit margin was 3.26%, reflecting a decrease from the previous year. This lower margin suggests that the company's profitability decreased in 2022 compared to 2021.
The most significant increase in net profit margin occurred in 2021, where the margin was 11.53%, indicating a strong performance in terms of profitability. This substantial improvement might have been driven by various factors such as cost control measures or revenue growth.
In 2020, the net profit margin was 10.00%, showcasing a solid performance in terms of profitability. This margin remained relatively stable compared to the previous year.
In 2019, the net profit margin was 8.23%, which was slightly lower than in 2020 but still reflects a decent level of profitability.
Overall, the fluctuation in Firstenergy Corp.'s net profit margin over the past five years indicates varying levels of profitability, with some years demonstrating stronger performance than others. Investors and stakeholders may further assess the company's financial health and operational efficiency by considering these metrics in conjunction with other financial indicators.
Peer comparison
Dec 31, 2023