Public Service Enterprise Group Inc (PEG)
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 | 2,563,000 | 2,805,000 | 2,780,000 | 2,320,000 | 1,031,000 | 688,000 | -990,000 | -1,298,000 | -648,000 | -662,000 | 1,477,000 | 2,105,000 | 1,905,000 | 1,911,000 | 1,739,000 | 1,441,000 | 1,693,000 | 1,455,000 | 1,464,000 | 1,580,000 |
| Revenue (ttm) | US$ in thousands | 11,237,000 | 11,771,000 | 11,587,000 | 11,242,000 | 9,800,000 | 9,717,000 | 9,348,000 | 9,146,000 | 9,722,000 | 9,068,000 | 9,535,000 | 9,711,000 | 9,603,000 | 9,679,000 | 9,611,000 | 9,877,000 | 10,076,000 | 10,066,000 | 10,158,000 | 9,858,000 |
| Net profit margin | 22.81% | 23.83% | 23.99% | 20.64% | 10.52% | 7.08% | -10.59% | -14.19% | -6.67% | -7.30% | 15.49% | 21.68% | 19.84% | 19.74% | 18.09% | 14.59% | 16.80% | 14.45% | 14.41% | 16.03% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,563,000K ÷ $11,237,000K
= 22.81%
Analyzing Public Service Enterprise Group Inc.'s net profit margin over the past eight quarters reveals fluctuations in the company's profitability. In Q4 2022, the net profit margin was at a modest 10.52%, which showed a significant improvement in the subsequent quarters. Q1 and Q2 of 2023 saw the highest net profit margins of 20.64% and 23.99%, respectively, indicating strong performance and efficient cost management. However, there was a slight dip in Q3 2023 to 23.83% and a further decrease in Q4 2023 to 22.81%.
The negative net profit margins in Q2 and Q1 of 2022 at -10.59% and -14.19%, respectively, are concerning and may have been influenced by certain one-time expenses or external factors impacting profitability. Overall, while there have been fluctuations in profitability, especially evident in 2022, the trend in 2023 reflects improved performance and a more stable financial position. Further in-depth analysis would be required to understand the specific drivers behind these fluctuations in net profit margins.
Peer comparison
Dec 31, 2023