PPL Corporation (PPL)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 7,569,000 | 6,742,000 | 5,020,000 | 6,958,000 | 7,041,000 |
| Revenue | US$ in thousands | 8,312,000 | 7,902,000 | 5,783,000 | 5,474,000 | 5,602,000 |
| Gross profit margin | 91.06% | 85.32% | 86.81% | 127.11% | 125.69% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $7,569,000K ÷ $8,312,000K
= 91.06%
PPL Corp's gross profit margin has exhibited fluctuations over the past five years. In 2023, the gross profit margin stood at 69.03%, showing a slight improvement compared to 2022 when it was 66.88%. However, this figure is lower than the levels seen in 2021 and 2020, which were 74.72% and 83.36% respectively. The highest gross profit margin in recent years was observed in 2020 at 83.36%, signifying strong profitability in that year. Despite the fluctuations, PPL Corp has generally maintained healthy gross profit margins above 60% over the period under review. Further analysis and comparison with industry benchmarks may provide more insights into the company's performance and efficiency in generating profits from its core operations.
Peer comparison
Dec 31, 2023