Portland General Electric Co (POR)
Gross 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,444,000 | 2,467,000 | 2,409,000 | 2,366,000 | 2,234,000 | 2,139,000 | 2,046,000 | 1,994,000 | 1,982,000 | 1,943,000 | 1,866,000 | 1,804,000 | 1,783,000 | 1,790,000 | 1,773,000 | 1,759,000 | 1,758,000 | 1,721,000 | 1,729,000 | 1,550,000 |
| Revenue (ttm) | US$ in thousands | 2,923,000 | 2,885,000 | 2,826,000 | 2,769,000 | 2,647,000 | 2,568,000 | 2,467,000 | 2,413,000 | 2,396,000 | 2,344,000 | 2,249,000 | 2,181,000 | 2,145,000 | 2,137,000 | 2,132,000 | 2,123,000 | 2,123,000 | 2,099,000 | 2,082,000 | 2,071,000 |
| Gross profit margin | 83.61% | 85.51% | 85.24% | 85.45% | 84.40% | 83.29% | 82.93% | 82.64% | 82.72% | 82.89% | 82.97% | 82.71% | 83.12% | 83.76% | 83.16% | 82.85% | 82.81% | 81.99% | 83.05% | 74.84% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,444,000K ÷ $2,923,000K
= 83.61%
The gross profit margin for Portland General Electric Co has shown a declining trend over the past eight quarters. Starting at 64.57% in Q1 2022, the gross profit margin dropped to 59.29% in Q4 2023. This indicates a decrease in the company's efficiency in generating profits from its core operations. Factors such as changes in revenue, cost of goods sold, and pricing strategies may have contributed to this downward trend. It would be important for the company to further investigate and address the reasons behind this decline to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023