PPL Corporation (PPL)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 7,671,000 | 7,569,000 | 6,742,000 | 5,020,000 | 6,958,000 |
| Revenue | US$ in thousands | 8,462,000 | 8,312,000 | 7,902,000 | 5,783,000 | 5,474,000 |
| Gross profit margin | 90.65% | 91.06% | 85.32% | 86.81% | 127.11% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $7,671,000K ÷ $8,462,000K
= 90.65%
Based on the data provided, PPL Corporation's gross profit margin has shown some fluctuations over the five-year period from 2020 to 2024.
In 2020, the gross profit margin was notably high at 127.11%, indicating that the company was able to generate a significant amount of revenue after accounting for the cost of goods sold.
However, there was a decrease in the gross profit margin in 2021 to 86.81%, which may suggest increased costs relative to revenue or pricing pressures affecting the company's profitability.
The trend continued with a slight decrease in 2022 to 85.32%, indicating ongoing challenges in maintaining high profitability levels.
In 2023, there was a notable improvement in the gross profit margin to 91.06%, which could signal successful cost management strategies or improved revenue generation.
Finally, in 2024, the gross profit margin remained relatively stable at 90.65%, indicating that the company was able to sustain its profitability levels.
Overall, while there were fluctuations in PPL Corporation's gross profit margin over the five-year period, the company managed to maintain a relatively strong performance in generating profits after accounting for the cost of goods sold.
Peer comparison
Dec 31, 2024