Sempra Energy (SRE)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 9,822,000 | 13,597,000 | 11,583,000 | 10,215,000 | 8,975,000 |
| Revenue | US$ in thousands | 13,185,000 | 16,720,000 | 14,439,000 | 12,857,000 | 11,370,000 |
| Gross profit margin | 74.49% | 81.32% | 80.22% | 79.45% | 78.94% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $9,822,000K ÷ $13,185,000K
= 74.49%
The gross profit margin of Sempra Energy has exhibited a generally increasing trend from December 31, 2020, to December 31, 2023, which reflects efficient cost management and potentially improving profitability. Specifically, the gross profit margin has increased from 78.94% in 2020 to 81.32% in 2023, indicating that the company was able to retain a higher percentage of revenue after deducting the cost of goods sold over this period.
However, there was a decline in gross profit margin to 74.49% by December 31, 2024. This decrease may signal potential challenges in managing production costs or pricing pressures impacting the company's profitability. It would be essential for Sempra Energy to investigate the reasons behind this decrease and take appropriate actions to address any underlying issues to maintain or improve its profitability in the future.
Peer comparison
Dec 31, 2024