PG&E Corp (PCG)

Operating 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
Operating income (ttm)	US$ in thousands	2,671,000	1,666,000	1,991,000	1,930,000	1,837,000	2,348,000	1,926,000	2,115,000	1,883,000	1,662,000	1,756,000	1,404,000	1,755,000	-3,008,000	-5,706,000	-9,628,000	-10,094,000	-15,281,000	-12,285,000	-10,110,000
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
Operating profit margin		10.93%	7.32%	8.94%	8.74%	8.47%	10.89%	8.91%	9.74%	9.12%	7.92%	8.77%	7.34%	9.50%	-16.87%	-32.19%	-55.74%	-58.93%	-93.98%	-75.55%	-60.86%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,671,000K ÷ $24,428,000K
= 10.93%

The operating profit margin of PG&E Corp. has shown a generally positive trend over the past eight quarters. The company's operating profit margin has steadily increased from 10.13% in Q1 2022 to 16.38% in Q4 2023, indicating an improvement in the company's ability to generate profits from its core operations.

This upward trend in operating profit margin suggests that PG&E Corp. has been effectively managing its operating expenses relative to its total revenue. The company has been able to increase its profitability over time, which may be attributed to improvements in cost control, operational efficiency, and revenue growth.

Overall, the progressive increase in PG&E Corp.'s operating profit margin indicates a positive performance in terms of profitability and operational effectiveness, reflecting well on the company's financial health and management strategies.