Northwest Natural Gas Co (NWN)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 397,611 | 423,872 | 341,225 | 329,119 | 300,504 |
| Revenue | US$ in thousands | 1,152,990 | 1,197,480 | 1,037,350 | 860,400 | 773,679 |
| Gross profit margin | 34.49% | 35.40% | 32.89% | 38.25% | 38.84% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $397,611K ÷ $1,152,990K
= 34.49%
The gross profit margin of Northwest Natural Gas Co has shown fluctuations over the past five years. Starting at 38.84% on December 31, 2020, it slightly decreased to 38.25% by December 31, 2021. However, there was a more significant drop to 32.89% by December 31, 2022. Subsequently, the margin improved to 35.40% by December 31, 2023, before declining again to 34.49% by December 31, 2024. These variations suggest changes in the company's cost structure, pricing strategies, or a combination of both, which should be further examined to understand the underlying factors impacting the gross profit margin trend.
Peer comparison
Dec 31, 2024