FirstEnergy Corporation (FE)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,102,000 | 524,000 | 458,000 | 410,000 | 406,000 | 1,236,000 | 1,365,000 | 1,236,000 | 1,283,000 | 1,098,000 | 1,089,000 | 1,340,000 | 1,079,000 | 726,000 | 663,000 | 666,000 | 912,000 | 1,161,000 | 312,000 | 299,000 |
| 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 |
| Net profit margin | 8.56% | 4.06% | 3.55% | 3.23% | 3.26% | 10.35% | 11.78% | 10.85% | 11.53% | 9.97% | 9.98% | 12.40% | 10.00% | 6.64% | 6.10% | 6.13% | 8.26% | 10.49% | 2.79% | 2.65% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,102,000K ÷ $12,870,000K
= 8.56%
The net profit margin of Firstenergy Corp. has displayed fluctuations over the past eight quarters. In Q4 2023, the net profit margin stood at 8.56%, representing a significant improvement from the previous quarter's margin of 4.20%. However, it is notable that Q4 2023's margin is lower compared to the margins observed in Q3 and Q2 of 2022, which were substantially higher at 10.39% and 11.82%, respectively.
The performance in Q4 2023, though improved, is still below the levels seen in the same quarter of the previous year (Q4 2022), where the net profit margin was 3.26%. This suggests a positive trend in profitability compared to Q4 2022. Additionally, the margins in Q3 and Q2 of 2023 were 4.20% and 3.69%, respectively, indicating a gradual increase in profitability over the course of the year.
Overall, while there have been fluctuations in Firstenergy Corp.'s net profit margin, the recent improvement in Q4 2023 is a positive sign. It would be important to continue monitoring future quarters to assess the sustainability of this trend and to identify any underlying factors influencing the company's profitability.
Peer comparison
Dec 31, 2023