PG&E Corp (PCG)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 23,437,000 | 24,042,000 | 23,839,000 | 23,054,000 | 23,333,000 | 21,860,000 | 21,625,000 | 21,607,000 | 21,335,000 | 22,418,000 | 22,090,000 | 21,789,000 | 20,299,000 | 19,483,000 | 18,908,000 | 18,425,000 | 18,169,000 | 17,723,000 | 17,612,000 | 17,161,000 |
| Revenue (ttm) | US$ in thousands | 24,419,000 | 24,829,000 | 24,776,000 | 24,080,000 | 24,428,000 | 22,757,000 | 22,263,000 | 22,091,000 | 21,680,000 | 21,556,000 | 21,627,000 | 21,724,000 | 20,642,000 | 20,988,000 | 20,014,000 | 19,133,000 | 18,469,000 | 17,835,000 | 17,724,000 | 17,273,000 |
| Gross profit margin | 95.98% | 96.83% | 96.22% | 95.74% | 95.52% | 96.06% | 97.13% | 97.81% | 98.41% | 104.00% | 102.14% | 100.30% | 98.34% | 92.83% | 94.47% | 96.30% | 98.38% | 99.37% | 99.37% | 99.35% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $23,437,000K ÷ $24,419,000K
= 95.98%
The gross profit margin of PG&E Corp has exhibited some fluctuation over the past few years. It remained consistently high around 99% in the first half of 2020 but saw a slight decline to 98.38% by the end of December 2020. Subsequently, there was a noticeable decrease in gross profit margin to 96.30% by March 2021, indicating potential challenges with cost management or pricing strategies.
The trend continued with further declines in the following quarters, hitting a low of 92.83% by September 2021. However, there was a recovery towards the end of 2021, with the gross profit margin improving to 98.34% by December.
In the first half of 2022, the gross profit margin surged to above 100%, reaching a high of 104% by September 2022. This indicates a strong performance in generating profits relative to sales during this period.
Subsequently, the gross profit margin stabilized around the mid-90% range from March 2023 to September 2024, showing consistency in managing costs and generating profits. Overall, PG&E Corp's gross profit margin has shown both fluctuations and periods of strength, reflecting varying levels of efficiency in generating profits from sales.
Peer comparison
Dec 31, 2024