Essential Utilities Inc (WTRG)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,086,110 | 1,126,000 | 1,072,390 | 987,302 | 768,342 |
| Revenue | US$ in thousands | 2,086,110 | 2,053,820 | 2,288,030 | 1,878,140 | 1,462,700 |
| Gross profit margin | 100.00% | 54.82% | 46.87% | 52.57% | 52.53% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,086,110K ÷ $2,086,110K
= 100.00%
Essential Utilities Inc's gross profit margin has shown some fluctuations over the years. In 2020 and 2021, the gross profit margin was relatively stable at around 52.5%. However, there was a noticeable decrease in 2022 to 46.87%, which may indicate potential challenges or changes in the company's cost structure or pricing strategies.
The following year, in 2023, there was a significant improvement in the gross profit margin to 54.82%, suggesting potential efficiency gains or better sales performance. The sudden increase to 100% in 2024 seems unusual and may be a result of accounting adjustments or extraordinary items that need further investigation for a proper evaluation of the company's operational performance.
Overall, while the gross profit margin of Essential Utilities Inc has shown variability, it is essential to delve deeper into the underlying factors driving these fluctuations to assess the company's financial health and operational efficiency effectively.
Peer comparison
Dec 31, 2024