FirstEnergy Corporation (FE)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,266,000 | 1,910,000 | 1,726,000 | 2,162,000 | 2,510,000 |
| Revenue | US$ in thousands | 12,870,000 | 12,459,000 | 11,132,000 | 10,790,000 | 11,035,000 |
| Operating profit margin | 17.61% | 15.33% | 15.50% | 20.04% | 22.75% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,266,000K ÷ $12,870,000K
= 17.61%
The operating profit margin of Firstenergy Corp. has exhibited a fluctuating trend over the last five years. In 2019, the company reported a robust operating profit margin of 22.75%, indicating that 22.75% of its revenue was converted into operating profit. However, this margin declined to 20.04% in 2020 before further decreasing to 16.59% in 2021. The trend reversed in 2022 when the operating profit margin improved to 15.33%. The most recent data for 2023 shows a significant improvement with an operating profit margin of 17.61%.
This trend suggests some variability in the company's ability to generate operating profit from its revenue in recent years. It will be important for stakeholders to monitor this metric closely to assess the company's operational efficiency and profitability moving forward.
Peer comparison
Dec 31, 2023