Sempra Energy (SRE)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,075,000 | 2,139,000 | 1,318,000 | 3,764,000 | 2,055,000 |
| Revenue | US$ in thousands | 16,720,000 | 14,439,000 | 12,857,000 | 11,370,000 | 10,829,000 |
| Net profit margin | 18.39% | 14.81% | 10.25% | 33.10% | 18.98% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $3,075,000K ÷ $16,720,000K
= 18.39%
The net profit margin of Sempra has shown fluctuations over the past five years. In 2023, the net profit margin stood at 18.12%, indicating that for every dollar of revenue generated, the company retained $0.1812 in profit after accounting for all expenses. This represents an improvement compared to the preceding year, 2022, where the net profit margin was 14.50%.
The net profit margin in 2021 was 9.75%, indicating a lower level of profitability compared to the two subsequent years. However, in 2020, there was a significant spike in the net profit margin to 33.10%, signifying a remarkable increase in profitability during that period. In 2019, the net profit margin was 18.98%, similar to the level observed in 2023.
Overall, the trend in net profit margin for Sempra shows some variability, with the company experiencing fluctuations in profitability over the past five years. It is essential for stakeholders to further explore the factors contributing to these fluctuations to gain a better understanding of the company's financial performance.
Peer comparison
Dec 31, 2023