PG&E Corp (PCG)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,512,000 | 2,256,000 | 1,814,000 | -88,000 | -1,304,000 |
| Revenue | US$ in thousands | 24,419,000 | 24,428,000 | 21,680,000 | 20,642,000 | 18,469,000 |
| Net profit margin | 10.29% | 9.24% | 8.37% | -0.43% | -7.06% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $2,512,000K ÷ $24,419,000K
= 10.29%
The net profit margin of PG&E Corp has shown significant fluctuations over the years, ranging from negative percentages to positive percentages. As of December 31, 2020, the company had a negative net profit margin of -7.06%, indicating that expenses exceeded revenues, resulting in a loss. However, by December 31, 2024, the net profit margin had improved to a positive 10.29%, signifying that the company was able to generate a profit relative to its total revenue.
The positive trend in the net profit margin over the years showcases an improvement in PG&E Corp's profitability and operational efficiency. This could be attributed to various factors such as cost-cutting measures, revenue growth, better management of expenses, or strategic business decisions. It is essential for investors and stakeholders to monitor this metric closely to assess the company's financial performance and sustainability.
Peer comparison
Dec 31, 2024