Nextera Energy Inc (NEE)

Gross 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
Gross profit (ttm)	US$ in thousands	18,593,000	19,135,000	19,590,000	19,255,000	18,548,000	17,988,000	17,088,000	15,939,000	15,157,000	14,369,000	13,896,000	13,337,000	13,147,000	13,477,000	13,378,000	13,775,000	13,711,000	13,911,000	13,273,000	12,347,000
Revenue (ttm)	US$ in thousands	24,781,000	24,918,000	24,118,000	23,718,000	23,036,000	22,192,000	21,192,000	19,992,000	19,023,000	18,232,000	17,732,000	17,132,000	17,020,000	17,353,000	17,353,000	17,753,000	17,619,000	17,792,000	17,010,000	16,034,000
Gross profit margin		75.03%	76.79%	81.23%	81.18%	80.52%	81.06%	80.63%	79.73%	79.68%	78.81%	78.37%	77.85%	77.24%	77.66%	77.09%	77.59%	77.82%	78.19%	78.03%	77.01%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $18,593,000K ÷ $24,781,000K
= 75.03%

NextEra Energy Inc's gross profit margin has shown a generally increasing trend over the last eight quarters, indicating strong profitability in its core operations. The company achieved a peak gross profit margin of 80.59% in Q4 2023, which reflects efficient cost management and effective pricing strategies. Improvements in operational efficiency and potential economies of scale may have contributed to the rising trend in gross profit margins over the analyzed period. Overall, the consistently high gross profit margin levels suggest that NextEra Energy Inc is effectively managing its production costs and pricing strategies, which bodes well for its financial performance and competitiveness in the market.