WEC Energy Group Inc (WEC)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	3,186,900	3,312,100	3,389,600	3,730,500	3,830,700	3,441,500	3,331,700	3,274,600	3,300,500	3,212,800	3,181,300	3,123,900	2,999,500	3,015,700	2,973,100	2,917,700	2,890,000	2,871,900	2,796,900	2,760,500
Revenue (ttm)	US$ in thousands	8,599,900	8,533,200	8,627,100	8,685,100	8,893,000	9,233,900	9,279,500	9,577,400	9,597,400	9,240,900	8,984,400	8,532,700	8,316,000	8,047,500	7,952,000	7,824,500	7,241,700	7,255,800	7,212,800	7,254,300
Gross profit margin		37.06%	38.81%	39.29%	42.95%	43.08%	37.27%	35.90%	34.19%	34.39%	34.77%	35.41%	36.61%	36.07%	37.47%	37.39%	37.29%	39.91%	39.58%	38.78%	38.05%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,186,900K ÷ $8,599,900K
= 37.06%

The gross profit margin of WEC Energy Group Inc has shown fluctuations over the period indicated. It started at 38.05% on March 31, 2020, gradually increasing to a peak of 43.08% on December 31, 2023. However, from that point onwards, the gross profit margin began to decline, reaching 37.06% on December 31, 2024.

The overall trend indicates some variability in the company's ability to generate profit from its core business activities. A higher gross profit margin typically suggests that the company is effectively managing its production costs relative to its revenue. On the other hand, a declining gross profit margin could be indicative of increased production costs or pricing pressures impacting profitability.

It would be important to further investigate the reasons behind these fluctuations in the gross profit margin to understand the underlying factors driving the company's financial performance during the specified period.