Essential Utilities Inc (WTRG)
Operating profit margin
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Operating income | US$ in thousands | 692,097 | 661,187 | 602,709 | 434,686 | 340,159 |
Revenue | US$ in thousands | 2,053,820 | 2,288,030 | 1,878,140 | 1,462,700 | 889,692 |
Operating profit margin | 33.70% | 28.90% | 32.09% | 29.72% | 38.23% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $692,097K ÷ $2,053,820K
= 33.70%
Essential Utilities Inc's operating profit margin has exhibited fluctuations over the past five years. In 2023, the operating profit margin increased to 33.70%, marking a significant improvement from the prior year. This suggests that the company was more efficient in generating profits from its core operations in 2023 compared to 2022.
Comparing the latest operating profit margin to prior years, it is higher than the margins in 2022 and 2020, indicating improved profitability performance. However, it remains below the levels seen in 2019 when the margin was at its peak at 38.23%.
Overall, Essential Utilities Inc has shown varying levels of operating efficiency in recent years, with the 2023 margin reflecting a positive trend. Monitoring this ratio over time can provide valuable insights into the company's operational effectiveness and financial health.
Peer comparison
Dec 31, 2023