Essential Utilities Inc (WTRG)

Operating 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
Operating income (ttm)	US$ in thousands	692,097	688,085	676,541	659,027	661,187	630,803	606,394	597,986	602,709	595,969	599,750	593,541	434,686	387,150	388,387	346,217	340,159	317,652	315,475	321,280
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
Operating profit margin		33.70%	30.18%	29.37%	28.47%	28.90%	29.78%	29.64%	29.99%	32.09%	32.81%	33.26%	33.15%	29.72%	31.87%	35.00%	36.67%	38.23%	36.54%	37.03%	38.03%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $692,097K ÷ $2,053,824K
= 33.70%

The operating profit margin of Essential Utilities Inc has shown a relatively stable trend over the past 8 quarters. It ranged from 28.47% to 33.70%, with Q4 2023 reporting the highest value at 33.70% and Q1 2023 the lowest at 28.47%. The margins have generally remained in the upper 20% range, indicating efficient cost management and profitability. This consistency suggests that the company has been able to effectively control its operating expenses and generate a consistent level of profit from its operations. The slight fluctuations in the margin may be attributed to various factors such as changes in revenue, cost structures, or operational efficiencies. Overall, the operating profit margin performance of Essential Utilities Inc reflects a strong operational performance and effective management of operational expenses.