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
Company name
Symbol
Gross profit margin
Portland General Electric Co
POR
83.61%
American Electric Power Company Inc
AEP
95.99%
Black Hills Corporation
BKH
96.93%
CenterPoint Energy Inc
CNP
90.70%
Clearway Energy Inc Class C
CWEN
64.00%
Constellation Energy Corp
CEG
24.64%
Dominion Energy Inc
D
94.78%
DTE Energy Company
DTE
-10.71%
Edison International
EIX
99.71%
Entergy Corporation
ETR
74.25%
Eversource Energy
ES
52.58%