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.
Peer comparison
Dec 31, 2023