Public Service Enterprise Group Inc (PEG)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 5,699,000 | 6,552,000 | 4,924,000 | 2,411,000 | 6,542,000 |
| Revenue | US$ in thousands | 10,290,000 | 11,237,000 | 9,800,000 | 9,722,000 | 9,603,000 |
| Gross profit margin | 55.38% | 58.31% | 50.24% | 24.80% | 68.12% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $5,699,000K ÷ $10,290,000K
= 55.38%
The gross profit margin of Public Service Enterprise Group Inc experienced fluctuations over the years as per the provided data.
On December 31, 2020, the gross profit margin stood at a healthy 68.12%, indicating strong profitability after covering the cost of goods sold. However, there was a significant decline by December 31, 2021, to 24.80%, suggesting a substantial decrease in profitability relative to sales.
By December 31, 2022, there was a notable improvement as the gross profit margin rose to 50.24%, reflecting a rebound in profitability. Subsequently, on December 31, 2023, the margin increased further to 58.31%, indicating continued growth in profitability.
As of December 31, 2024, the gross profit margin slightly decreased to 55.38%, still above the 50% mark, suggesting that the company maintained a favorable level of profitability relative to its revenue during that period.
Overall, the fluctuations in the gross profit margin of Public Service Enterprise Group Inc highlight the company's ability to adapt to changing market conditions and manage costs effectively to sustain profitability over the years.
Peer comparison
Dec 31, 2024