Public Service Enterprise Group Inc (PEG)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,563,000 | 1,031,000 | -648,000 | 1,905,000 | 1,693,000 |
| Revenue | US$ in thousands | 11,237,000 | 9,800,000 | 9,722,000 | 9,603,000 | 10,076,000 |
| Net profit margin | 22.81% | 10.52% | -6.67% | 19.84% | 16.80% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $2,563,000K ÷ $11,237,000K
= 22.81%
Public Service Enterprise Group Inc.'s net profit margin has exhibited fluctuations over the past five years. The most recent data for December 31, 2023, reflects a healthy net profit margin of 22.81%, indicating that the company retains approximately 22.81% of its total revenue as profit after accounting for all expenses. This significant increase from the previous year's figure of 10.52% suggests improved operational efficiency and cost management.
In contrast, the net profit margin for December 31, 2021, was negative at -6.67%, indicating that the company experienced losses exceeding its revenue during that period; this could have been due to various factors such as exceptional charges, economic downturn, or operational inefficiencies.
The figures for December 31, 2020, and December 31, 2019, show positive net profit margins of 19.84% and 16.80%, respectively, indicating healthy profitability levels during those years.
Overall, while the company has demonstrated variability in its net profit margin over the past five years, the recent improvement in the margin for 2023 suggests a positive trend towards enhanced profitability and financial performance.
Peer comparison
Dec 31, 2023