|
Wec Energy Group Inc (WEC) |
|
|
|
Wec Energy Group Inc 's Gross Profit Margin by quarter
Trends, Rankings, Statistics
Select the Comparisons :
|
|
Select the Ratio:
|
|
WEC Gross Profit Margin |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
Y / Y Revenue Change |
-13.32 % |
-2.28 % |
-14 % |
-0.69 % |
16.19 % |
Seq. Revenue Change |
13.29 % |
6.96 % |
-36.64 % |
12.89 % |
27.73 % |
Revenue In Millions |
$2,217.50 |
$1,957.40 |
$1,830.00 |
$2,888.10 |
$2,558.40 |
Gross Profit Margin |
65.68 % |
69.99 % |
70.87 % |
54.65 % |
51.71 % |
Gross Profit Margin Total
Ranking |
# 1250 |
# 1728 |
# 1788 |
# 2422 |
# 2831 |
Gross Profit In Millions |
$1,456.40 |
$1,370.00 |
$1,297.00 |
$1,578.40 |
$1,323.00 |
Y / Y Gross Profit Change |
10.08 % |
14.37 % |
8.73 % |
3.52 % |
6.43 % |
Seq. Gross Profit Change |
6.31 % |
5.63 % |
-17.83 % |
19.3 % |
10.44 % |
Commenting fourth Quarter 2023 Gross Profit Margin |
Wec Energy Group Inc has managed to improve its Revenue sequentially to $2,218 millions by 13.29 % faster than Gross Profit increase of 6.31 % to $1,456 millions, this led to contraction in Gross Profit Margin to 65.68 %, but the Wec Energy Group Inc IV. Quarter Gross Profit Margin remained above company average rate of 59.48%.
Observing fourth quarter 2023 results within Electric Utilities industry 34 other companies have achieved higher Gross Profit Margin. While Gross Profit Margin total ranking has impoved so far to 1250, from total ranking in previous quarter at 1728.
Learn about Gross Margin
|
WEC's Gross Profit Margin fourth quarter 2023 Company Ranking |
Within: |
No. |
Electric Utilities Industry |
# 35 |
Utilities Sector |
# 67 |
Overall |
# 1249 |
Gross Profit Margin Statistics |
High |
Average |
Low |
71.3 % |
59.48 % |
37.25 % |
(Jun 30 2020) |
|
(March 31, 2008) |
Companies with similar Gross Profit Margin in the quarter ending Dec 31 2023, within Electric Utilities Industry | Gross Profit Margin | Dec 31 2023 MRQ Gross Profit | Dec 31 2023 MRQ Revenue | Nisource Inc | 101.06 % | $ 6,111.300 | $ 6,047.300 | Altus Power Inc | 100.00 % | $ 34.192 | $ 34.192 | Brookfield Renewable Corporation | 100.00 % | $ 3,967.000 | $ 3,967.000 | Hawaiian Electric Industries Inc | 100.00 % | $ 956.371 | $ 956.371 | Vistra Corp | 100.00 % | $ 3,079.000 | $ 3,079.000 | Consolidated Edison Inc | 94.51 % | $ 3,255.000 | $ 3,444.000 | Itc Holdings Corp | 94.32 % | $ 365.000 | $ 387.000 | Entergy Corporation | 92.15 % | $ 2,510.969 | $ 2,724.805 | Allete Inc | 90.86 % | $ 365.900 | $ 402.700 | Xcel Energy Inc | 90.55 % | $ 5,557.000 | $ 6,137.000 | Alliant Energy Corp | 90.37 % | $ 835.000 | $ 924.000 | Ameren Corporation | 87.45 % | $ 1,415.000 | $ 1,618.000 | Tennessee Valley Authority | 87.02 % | $ 2,406.000 | $ 2,765.000 | Sempra | 86.68 % | $ 3,026.000 | $ 3,491.000 | Dte Energy Co | 85.83 % | $ 2,913.000 | $ 3,394.000 | Algonquin Power and Utilities Corp | 84.31 % | $ 2,309.665 | $ 2,739.425 | Northwestern Energy Group Inc | 84.11 % | $ 299.426 | $ 356.009 | Hydro One Inc | 83.13 % | $ 4,965.978 | $ 5,974.034 | Nextera Energy Inc | 81.23 % | $ 5,586.000 | $ 6,877.000 | Eversource Energy | 80.95 % | $ 2,181.098 | $ 2,694.238 | Exelon Corporation | 80.92 % | $ 4,342.000 | $ 5,366.000 | Sunnova Energy International Inc | 80.43 % | $ 156.183 | $ 194.182 | Evergy Inc | 79.11 % | $ 939.700 | $ 1,187.900 | Duke Energy Corporation | 79.03 % | $ 5,700.000 | $ 7,212.000 | Oncor Electric Delivery Company Llc | 76.89 % | $ 4,294.509 | $ 5,585.094 | Idacorp Inc | 76.67 % | $ 315.826 | $ 411.953 | Constellation Energy Corporation | 75.45 % | $ 4,373.000 | $ 5,796.000 | Emera Incorporated | 75.16 % | $ 4,353.944 | $ 5,793.258 | Edison International | 74.88 % | $ 2,775.000 | $ 3,706.000 | Avangrid Inc | 74.36 % | $ 1,697.000 | $ 2,282.000 |
|