Southern Company (SO)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 20,549,000 | 11,708,000 | 10,821,000 | 10,061,000 | 9,897,000 |
| Revenue | US$ in thousands | 26,724,000 | 25,253,000 | 29,279,000 | 23,113,000 | 20,375,000 |
| Gross profit margin | 76.89% | 46.36% | 36.96% | 43.53% | 48.57% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $20,549,000K ÷ $26,724,000K
= 76.89%
The gross profit margin of Southern Company has exhibited fluctuations over the period from December 31, 2020, to December 31, 2024. Starting at 48.57% in 2020, the margin decreased to 43.53% in 2021, and further dropped to 36.96% in 2022. However, there was a significant recovery in 2023 when the margin jumped to 46.36%. The most noticeable increase occurred in 2024, reaching a high of 76.89%.
These fluctuations suggest varying levels of efficiency in generating profits from sales revenues over the years. It is important to further investigate the reasons behind these changes to assess the company's operational performance and strategies to maintain or improve its gross profit margin in the future.
Peer comparison
Dec 31, 2024