Alliant Energy Corp (LNT)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,633,000 | 2,830,000 | 2,350,000 | 2,221,000 | 2,455,400 |
| Revenue | US$ in thousands | 4,027,000 | 4,205,000 | 3,669,000 | 3,416,000 | 3,648,000 |
| Gross profit margin | 65.38% | 67.30% | 64.05% | 65.02% | 67.31% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,633,000K ÷ $4,027,000K
= 65.38%
The gross profit margin of Alliant Energy Corp. has demonstrated some fluctuations over the past five years, ranging from 59.43% in 2019 to 60.83% in 2021. It achieved a gross profit margin of 59.82% in 2023, showing a slight improvement compared to the previous year. This indicates that the company is effectively managing its production costs and generating revenue from its core operations. Despite the variability in gross profit margin, Alliant Energy Corp. has generally maintained a healthy level of profitability relative to its cost of sales, which is a positive indicator of its operational efficiency.
Peer comparison
Dec 31, 2023