Sempra Energy (SRE)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 13,597,000 | 11,583,000 | 10,215,000 | 8,975,000 | 8,575,000 |
| Revenue | US$ in thousands | 16,720,000 | 14,439,000 | 12,857,000 | 11,370,000 | 10,829,000 |
| Gross profit margin | 81.32% | 80.22% | 79.45% | 78.94% | 79.19% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $13,597,000K ÷ $16,720,000K
= 81.32%
The gross profit margin of Sempra has shown fluctuations over the past five years. In 2020, it reached its peak at 79.00%, indicating that the company was able to generate a high level of gross profit relative to its revenue. However, in the following years, the gross profit margin decreased, falling to 74.97% in 2021, then to 68.96% in 2022.
The most recent data for 2023 shows a slight improvement in the gross profit margin to 72.24%, although it remains below the levels seen in 2020. This fluctuation may be attributed to various factors such as changes in the cost of goods sold, pricing strategies, and overall operational efficiency.
Overall, the downward trend in the gross profit margin over the past few years may indicate challenges in maintaining profitability or controlling costs. Further analysis of Sempra's cost structure and revenue generation strategies would be necessary to fully understand the drivers behind these fluctuations.
Peer comparison
Dec 31, 2023