PG&E Corp (PCG)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,256,000 | 1,814,000 | -88,000 | -1,304,000 | -7,642,000 |
| Revenue | US$ in thousands | 24,428,000 | 21,680,000 | 20,642,000 | 18,469,000 | 17,129,000 |
| Net profit margin | 9.24% | 8.37% | -0.43% | -7.06% | -44.61% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $2,256,000K ÷ $24,428,000K
= 9.24%
The net profit margin of PG&E Corp. has shown a positive trend over the past five years, increasing from -44.70% in 2019 to 9.18% in 2023. This improvement indicates that the company has been able to effectively control its expenses and generate more profit relative to its revenue. The significant turnaround from negative margins in 2020 and 2021 to positive margins in 2022 and 2023 reflects PG&E's efforts to enhance operational efficiency and financial performance. Overall, the positive trajectory of the net profit margin suggests a favorable trend for PG&E Corp. in terms of profitability and financial health.
Peer comparison
Dec 31, 2023