FirstEnergy Corporation (FE)

Operating 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
Operating income (ttm)	US$ in thousands	2,266,000	2,097,000	1,936,000	1,902,000	1,910,000	1,735,000	1,861,000	1,726,000	1,726,000	1,896,000	1,986,000	2,189,000	2,162,000	2,383,000	2,343,000	2,413,000	2,510,000	2,407,000	2,436,000	2,551,000
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
Operating profit margin		17.61%	16.25%	15.02%	14.98%	15.33%	14.53%	16.06%	15.15%	15.50%	17.22%	18.21%	20.26%	20.04%	21.81%	21.56%	22.22%	22.75%	21.74%	21.80%	22.61%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,266,000K ÷ $12,870,000K
= 17.61%

The operating profit margin of Firstenergy Corp. has shown some fluctuations in recent quarters, varying between 14.53% and 17.61%. In Q4 2023, the operating profit margin improved to 17.61% from 16.25% in the previous quarter, indicating an increase in profitability relative to revenue. However, it is essential to note that the margin has been somewhat volatile over the past year, with peaks and troughs observed across different quarters. This may suggest some variability in the company's operational efficiency and cost management practices. Overall, a sustained focus on improving and maintaining a healthy operating profit margin can be crucial for Firstenergy Corp. in ensuring long-term financial stability and performance.