Public Service Enterprise Group Inc (PEG)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,685,000 | 1,381,000 | -856,000 | 2,270,000 | 1,943,000 |
| Revenue | US$ in thousands | 11,237,000 | 9,800,000 | 9,722,000 | 9,603,000 | 10,076,000 |
| Operating profit margin | 32.79% | 14.09% | -8.80% | 23.64% | 19.28% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,685,000K ÷ $11,237,000K
= 32.79%
The operating profit margin of Public Service Enterprise Group Inc. has exhibited fluctuations over the past five years. In 2023, the operating profit margin improved significantly to 32.86%, reflecting a strong operational performance. This is a notable increase compared to the previous year when the operating profit margin was 15.35%.
The company's operating profit margin was higher in 2020 and 2019 at 22.36% and 23.27%, respectively, indicating more robust profitability in those years compared to 2021 and 2022 when the margins were 18.32% and 15.35%, respectively.
Overall, the trend in operating profit margin demonstrates variability in the company's ability to generate profits from its core operations over the analyzed period. It is essential for stakeholders to further investigate the reasons behind these fluctuations to assess the company's operational efficiency and profitability prospects.
Peer comparison
Dec 31, 2023