Nextera Energy Inc (NEE)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 10,237,000 | 4,081,000 | 2,913,000 | 5,116,000 | 5,353,000 |
| Revenue | US$ in thousands | 24,708,000 | 23,278,000 | 19,042,000 | 16,976,000 | 17,604,000 |
| Operating profit margin | 41.43% | 17.53% | 15.30% | 30.14% | 30.41% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $10,237,000K ÷ $24,708,000K
= 41.43%
NextEra Energy Inc's operating profit margin has shown fluctuating trends over the past five years. In 2023, the operating profit margin reached 32.67%, a significant increase compared to the previous year where it stood at 17.95%. This substantial rise indicates improved efficiency in generating profits from its core operations. However, in 2022, there was a dip in the operating profit margin to 17.95%, which suggests a decrease in profitability relative to the prior year.
Looking back further, the operating profit margin was 20.52% in 2021 and 18.96% in 2020. It is worth noting that the operating profit margin was highest in 2019 at 26.32%. Although there have been fluctuations in the operating profit margin over the period under review, the company has demonstrated the ability to generate significant profits from its operational activities, with 2023 showing a particularly strong performance in this regard.
Peer comparison
Dec 31, 2023