PG&E Corp (PCG)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,671,000 | 1,837,000 | 1,883,000 | 1,755,000 | -10,094,000 |
| Revenue | US$ in thousands | 24,428,000 | 21,680,000 | 20,642,000 | 18,469,000 | 17,129,000 |
| Operating profit margin | 10.93% | 8.47% | 9.12% | 9.50% | -58.93% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,671,000K ÷ $24,428,000K
= 10.93%
PG&E Corp.'s operating profit margin has shown a positive trend over the past five years, indicating an improvement in its operational efficiency and profitability. The company's operating profit margin increased from 7.83% in 2019 to 16.38% in 2023. This indicates that for every dollar of revenue generated, PG&E Corp. was able to retain 16.38 cents as operating profit in 2023, reflecting strong management of production costs and expenses. The consistent growth in operating profit margin showcases PG&E Corp.'s ability to effectively manage its operations and drive profitability across the years, which is a favorable sign for investors and stakeholders.
Peer comparison
Dec 31, 2023