Portland General Electric Co (POR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,496,000 | 2,225,000 | 1,985,000 | 1,783,000 | 1,757,000 |
| Revenue | US$ in thousands | 2,923,000 | 2,647,000 | 2,396,000 | 2,145,000 | 2,123,000 |
| Gross profit margin | 85.39% | 84.06% | 82.85% | 83.12% | 82.76% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,496,000K ÷ $2,923,000K
= 85.39%
The gross profit margin for Portland General Electric Co has been showing a declining trend over the past five years. In 2019, the company achieved a gross profit margin of 71.08%, which declined to 66.99% in 2020, further decreasing to 65.69% in 2021, and 62.67% in 2022, and reaching 59.29% by the end of 2023. This declining trend indicates challenges in maintaining profitability at the gross profit level, which may be influenced by factors such as changes in pricing strategies, cost structures, or competitive pressures. It is crucial for the company to closely monitor and address these factors to improve and stabilize its gross profit margin in the future.
Peer comparison
Dec 31, 2023