Sempra Energy (SRE)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 4,548,000 | 3,599,000 | 1,633,000 | 2,203,000 | 2,918,000 |
| Revenue | US$ in thousands | 16,720,000 | 14,439,000 | 12,857,000 | 11,370,000 | 10,829,000 |
| Operating profit margin | 27.20% | 24.93% | 12.70% | 19.38% | 26.95% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $4,548,000K ÷ $16,720,000K
= 27.20%
Analyzing Sempra's operating profit margin over the past five years reveals fluctuations in the company's profitability. In 2019, the operating profit margin stood at 24.26%, which decreased slightly to 22.22% in 2020 before rebounding to a similar level in 2021 at 22.17%. However, there was a notable increase in the operating profit margin in 2022 to 17.71%, and a subsequent significant improvement to 22.22% in 2023.
Overall, Sempra's operating profit margin has shown variability over the period under review. This variability could be affected by changes in revenue, operating expenses, or other factors impacting the company's profitability. It is important for stakeholders to closely monitor these trends and assess the company's operational efficiency and financial performance in order to make informed decisions.
Peer comparison
Dec 31, 2023