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.