Essential Utilities Inc (WTRG)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	498,226	465,237	431,612	284,849	224,543
Revenue	US$ in thousands	2,053,820	2,288,030	1,878,140	1,462,700	889,692
Net profit margin		24.26%	20.33%	22.98%	19.47%	25.24%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $498,226K ÷ $2,053,820K
= 24.26%

The net profit margin of Essential Utilities Inc has shown fluctuations over the past five years. The company's net profit margin was 24.26% in 2023, indicating that for every dollar of revenue generated, the company retained 24.26 cents as net income after all expenses were accounted for.

Compared to the previous year, the net profit margin increased from 20.33% in 2022, suggesting an improvement in the company's profitability. Similarly, in 2021, the net profit margin was 22.98%, which also showed a positive trend compared to the prior year.

However, in 2020, the net profit margin was 19.47%, marking a slight decrease from the previous year. The highest net profit margin over the five-year period was recorded in 2019 at 25.24%, indicating strong profitability that year.

Overall, Essential Utilities Inc has demonstrated varying levels of profitability over the past five years, with the most recent data showing an improvement in net profit margin, reflecting positively on the company's financial performance.