Nextera Energy Inc (NEE)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 16,271,000 | 16,341,000 | 12,965,000 | 10,844,000 | 11,221,000 |
| Revenue | US$ in thousands | 24,708,000 | 23,278,000 | 19,042,000 | 16,976,000 | 17,604,000 |
| Gross profit margin | 65.85% | 70.20% | 68.09% | 63.88% | 63.74% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $16,271,000K ÷ $24,708,000K
= 65.85%
NextEra Energy Inc's gross profit margin has displayed fluctuations over the past five years. In 2023, the gross profit margin increased substantially to 80.59% from 69.51% in 2022, indicating a significant improvement in the company's ability to generate profits from its core operations. This surge suggests enhanced cost management or possibly an increase in sales revenues.
Comparing the current gross profit margin with 2021, we see a slight improvement from 73.48% to 80.59%. This indicates a positive trend in the company's operational efficiency in converting revenues into gross profit. Similarly, when comparing 2023 with 2020, the gross profit margin remained relatively stable, with a marginal decrease from 80.34% to 80.59%.
In 2019, the gross profit margin was 77.28%, showing a modest increase over the next few years. Overall, the upward trend in NextEra Energy Inc's gross profit margin reflects the company's ability to maintain healthy profit margins and efficiently manage its production costs.
Peer comparison
Dec 31, 2023