PG&E Corp (PCG)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,256,000 | 1,850,000 | 1,958,000 | 1,908,000 | 1,814,000 | 1,773,000 | 226,000 | 267,000 | -88,000 | -360,000 | 814,000 | -1,555,000 | -1,304,000 | -5,121,000 | -6,823,000 | -7,404,000 | -7,642,000 | -10,898,000 | -8,715,000 | -7,146,000 |
| Revenue (ttm) | US$ in thousands | 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 | 17,129,000 | 16,259,000 | 16,260,000 | 16,611,000 |
| Net profit margin | 9.24% | 8.13% | 8.79% | 8.64% | 8.37% | 8.23% | 1.04% | 1.23% | -0.43% | -1.72% | 4.07% | -8.13% | -7.06% | -28.71% | -38.50% | -42.86% | -44.61% | -67.03% | -53.60% | -43.02% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,256,000K ÷ $24,428,000K
= 9.24%
The net profit margin of PG&E Corp. has shown a consistent upward trend in recent quarters. In Q4 2023, the net profit margin reached 9.18%, representing an improvement from the previous quarter's 8.07%. This indicates that the company was able to generate higher profits relative to its revenue in the most recent quarter. Comparing the current performance to the same quarter in the previous year, there has been a noticeable increase from 8.30% in Q4 2022 to 9.18% in Q4 2023.
The company's net profit margin experienced fluctuations throughout the year, with the highest point in Q4 2023 and the lowest point in Q2 2022 at 0.98%. The significant improvement in profitability from Q2 2022 to the most recent quarter reflects positive developments in the company's financial performance.
Overall, PG&E Corp.'s net profit margin has been trending positively, indicating an enhancement in the company's ability to generate profits relative to its revenue. This suggests improved efficiency and cost management, which could potentially lead to increased shareholder value and strengthen the company's financial position in the market.
Peer comparison
Dec 31, 2023