PG&E Corp (PCG)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 23,437,000 | 23,333,000 | 21,209,000 | 20,299,000 | 18,169,000 |
| Revenue | US$ in thousands | 24,419,000 | 24,428,000 | 21,680,000 | 20,642,000 | 18,469,000 |
| Gross profit margin | 95.98% | 95.52% | 97.83% | 98.34% | 98.38% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $23,437,000K ÷ $24,419,000K
= 95.98%
Based on the provided data, PG&E Corp's gross profit margin has exhibited a slight decline over the years. The gross profit margin was at 98.38% as of December 31, 2020, and decreased to 98.34% by December 31, 2021. Subsequently, there was a more noticeable dip to 97.83% on December 31, 2022. The trend continued with a further decrease to 95.52% as of December 31, 2023, followed by a slight improvement to 95.98% by December 31, 2024. This declining trend in the gross profit margin may indicate potential challenges in managing production costs or pricing strategies that could impact profitability. It is essential for the company to closely monitor and address the factors contributing to this trend to maintain healthy levels of profitability in the future.
Peer comparison
Dec 31, 2024