Portland General Electric Co (POR)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,333,000 | 1,120,000 | 1,118,000 | 1,327,000 | 1,562,000 | 1,694,000 | 1,684,000 | 1,679,000 | 1,659,000 | 1,652,000 | 1,629,000 | 1,558,000 | 1,574,000 | 1,577,000 | 1,449,000 | 1,457,000 | 1,437,000 | 1,418,000 | 1,540,000 | 1,535,000 |
| Revenue (ttm) | US$ in thousands | 3,440,000 | 3,221,000 | 3,094,000 | 3,016,000 | 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 |
| Gross profit margin | 38.75% | 34.77% | 36.13% | 44.00% | 53.44% | 58.72% | 59.59% | 60.64% | 62.67% | 64.33% | 66.03% | 64.57% | 65.69% | 67.28% | 64.43% | 66.80% | 66.99% | 66.35% | 72.23% | 72.30% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,333,000K ÷ $3,440,000K
= 38.75%
The gross profit margin of Portland General Electric Co has shown a gradual decline over the periods indicated in the data provided. From March 31, 2020, where it stood at a robust 72.30%, the margin has steadily decreased to 38.75% by December 31, 2024. This downward trend suggests that the company's cost of goods sold relative to its revenue has been increasing, impacting its profitability at the gross level.
The company experienced its steepest decline in gross profit margin between March 31, 2024, and June 30, 2024, dropping from 60.64% to 36.13%. This significant reduction may indicate challenges in controlling production costs or pricing pressures within the industry during this specific period.
Overall, the declining trend in gross profit margin for Portland General Electric Co highlights the importance of closely monitoring cost efficiencies and pricing strategies to maintain sustainable profitability in the face of changing market conditions.
Peer comparison
Dec 31, 2024