PG&E Corp (PCG)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	23,333,000	21,209,000	20,299,000	18,169,000	16,805,000
Revenue	US$ in thousands	24,428,000	21,680,000	20,642,000	18,469,000	17,129,000
Gross profit margin		95.52%	97.83%	98.34%	98.38%	98.11%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $23,333,000K ÷ $24,428,000K
= 95.52%

PG&E Corp.'s gross profit margin has shown variations over the past five years. The company experienced a significant increase in its gross profit margin in 2023 compared to 2022, reaching 82.82%, indicating that PG&E Corp. has become more efficient in generating profits from its revenue after accounting for the cost of goods sold.

Although there was a slight decline in the gross profit margin in 2022 from 2021, the margin remained relatively high at 77.60%. This suggests that PG&E Corp. was able to maintain a strong position in its ability to generate profits from its core operations.

In the years 2021, 2020, and 2019, PG&E Corp. also demonstrated robust gross profit margins ranging from 77.65% to 78.89%. These consistent margins indicate the company's ability to effectively manage its production costs and generate profits on its products or services.

Overall, PG&E Corp.'s gross profit margin trend reflects a generally favorable performance in efficiently generating profits relative to its revenue over the past five years.