Portland General Electric Co (POR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 396,000 | 397,000 | 378,000 | 269,000 | 353,000 |
| Revenue | US$ in thousands | 2,923,000 | 2,647,000 | 2,396,000 | 2,145,000 | 2,123,000 |
| Operating profit margin | 13.55% | 15.00% | 15.78% | 12.54% | 16.63% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $396,000K ÷ $2,923,000K
= 13.55%
Portland General Electric Co's operating profit margin has exhibited variability over the past five years. The company's operating profit margin was highest in 2021 at 15.78%, indicating that for every dollar of revenue generated, the company retained approximately 15.78 cents as operating profit. This was followed by a decrease in 2022 to 15.00%, before experiencing a further decline in 2023 to 13.55%.
The fluctuation in operating profit margin suggests potential changes in the company's cost structure, pricing strategies, or operational efficiencies over the years. A higher operating profit margin implies that the company is able to control its operating expenses effectively and generate more profit from its core business activities. Conversely, a declining trend in operating profit margin may raise concerns about the company's ability to maintain profitability levels.
Analyzing the operating profit margin trend alongside other financial ratios and performance indicators can provide a more comprehensive view of Portland General Electric Co's overall financial health and operational efficiency.
Peer comparison
Dec 31, 2023