Essential Utilities Inc (WTRG)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	498,226	477,710	466,272	457,295	465,237	466,811	448,676	447,299	431,612	417,813	423,042	416,757	284,849	246,369	279,126	259,400	224,543	156,659	146,386	158,073
Revenue (ttm)	US$ in thousands	2,053,824	2,279,788	2,303,151	2,315,207	2,288,032	2,118,336	2,045,578	1,993,854	1,878,144	1,816,455	1,803,242	1,790,678	1,462,698	1,214,742	1,109,721	944,145	889,692	869,397	851,908	844,876
Net profit margin		24.26%	20.95%	20.24%	19.75%	20.33%	22.04%	21.93%	22.43%	22.98%	23.00%	23.46%	23.27%	19.47%	20.28%	25.15%	27.47%	25.24%	18.02%	17.18%	18.71%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $498,226K ÷ $2,053,824K
= 24.26%

Essential Utilities Inc's net profit margin has shown a fluctuating trend over the past eight quarters. In Q4 2023, the net profit margin improved to 24.26%, marking a significant increase from the previous quarter. This positive performance indicates that the company was able to generate a higher percentage of profit relative to its revenue in the most recent quarter.

Comparing the latest quarter to the same period in the prior year, Essential Utilities Inc's net profit margin in Q4 2023 was slightly higher than Q4 2022, indicating relative profitability growth year-over-year.

Despite minor fluctuations from quarter to quarter, Essential Utilities Inc has generally maintained a healthy net profit margin above 20% over the analyzed periods. This consistency suggests the company's ability to effectively manage costs and generate profit from its operations.

It is important for stakeholders to continue monitoring Essential Utilities Inc's net profit margin in conjunction with other financial metrics to assess the company's overall financial health and performance in the long term.