Eversource Energy (Eversource Energy) Gross Margin % : 46.24% (As of Dec. 2023)

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What is Eversource Energy Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Eversource Energy's Gross Profit for the three months ended in Dec. 2023 was $1,246 Mil. Eversource Energy's Revenue for the three months ended in Dec. 2023 was $2,694 Mil. Therefore, Eversource Energy's Gross Margin % for the quarter that ended in Dec. 2023 was 46.24%.

Warning Sign:

Eversource Energy gross margin has been in long-term decline. The average rate of decline per year is -2.9%.

The historical rank and industry rank for Eversource Energy's Gross Margin % or its related term are showing as below:

ES' s Gross Margin % Range Over the Past 10 Years
Min: 40.69 Med: 47.61 Max: 50.43
Current: 40.69

During the past 13 years, the highest Gross Margin % of Eversource Energy was 50.43%. The lowest was 40.69%. And the median was 47.61%.

ES's Gross Margin % is ranked better than
71.37% of 503 companies
in the Utilities - Regulated industry
Industry Median: 28.6 vs ES: 40.69

Eversource Energy had a gross margin of 46.24% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Eversource Energy was -2.90% per year.

Eversource Energy Gross Margin % Historical Data

The historical data trend for Eversource Energy's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Eversource Energy Gross Margin % Chart

Eversource Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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48.36

49.82

48.17

44.02

40.69

Eversource Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															41.18	37.88	39.59	40.20	46.24

Competitive Comparison of Eversource Energy's Gross Margin %

For the Utilities - Regulated Electric subindustry, Eversource Energy's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Eversource Energy's Gross Margin % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Eversource Energy's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Eversource Energy's Gross Margin % falls into.

Eversource Energy Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Eversource Energy's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	4846.8	/	11910.705
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(11910.705 - 7063.944)	/	11910.705
	=	40.69 %

Eversource Energy's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1245.7	/	2694.205
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2694.205 - 1448.469)	/	2694.205
	=	46.24 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Eversource Energy (NYSE:ES) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Eversource Energy had a gross margin of 46.24% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Eversource Energy Gross Margin % Related Terms

Thank you for viewing the detailed overview of Eversource Energy's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Eversource Energy (Eversource Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Eversource Energy (NYSE:ES) » Definitions » Gross Margin %

Comparable Companies

PPL FE AEE ETR DTE CNP CMS WEC EIX AGR NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG

Traded in Other Exchanges

1ES:Italy NWJ:Germany NWJ:Germany E1SE34:Brazil

Address

300 Cadwell Drive, Springfield, MA, USA, 1104

Website

https://www.eversource.com

Eversource Energy is a diversified holding company with subsidiaries that provide rate-regulated electric, gas, and water distribution service to more than 4 million customers in the Northeast U.S. The company expanded its service territories with acquisitions of NStar (2012), Aquarion (2017), and Columbia Gas (2020). Eversource is exiting its 50% partnership with European utility Orsted to develop 2 gigawatts of offshore wind projects in the Northeast U.S. The company exited most of its unregulated businesses in 2006.

Executives

Van Faasen William C	other: Trustee	1499 POST ROAD, FAIRFIELD CT 06824
Gregory B Butler	officer: Sr. V.P. & Gen. Counsel	EVERSOURCE ENERGY, 56 PROSPECT STREET, HARTFORD CT 06103
Daniel J Nova	other: Trustee	C/O HIGHLAND CAPITAL PARTNERS INC, TWO INTERNATIONAL PLACE, BOSTON MA 02110
Linda Dorcena Forry	other: Trustee	C/O EVERSOURCE ENERGY, 300 CADWELL DRIVE, SPRINGFIELD MA 01104
Loretta D. Keane	other: Trustee	300 CADWELL DRIVE, SPRINGFIELD MA 01104
Penelope M Conner	officer: EVP-Cust Exp & Energy Strategy	300 CADWELL DRIVE, SPRINGFIELD MA 01104
Christine M Carmody	officer: SVP - Human Resources	800 BOYLSTON STREET, BOSTON MA 02199
Frederica M Williams	other: Trustee	C/O EVERSOURCE ENERGY, 300 CADWELL DRIVE, SPRINGFIELD MA 01104
John M. Moreira	officer: EVP, CFO and Treasurer	300 CADWELL DRIVE, SPRINGFIELD MA 01104
Hunt James W Iii	officer: EVP-Corp Rel & Sustainability	300 CADWELL DRIVE, SPRINGFIELD MA 01104
Cleveland Cotton M	other: Trustee	EVERSOURCE ENERGY, 300 CADWELL DRIVE, SPRINGFIELD MA 01104
Jay Buth	officer: VP-Accounting and Controller	EVERSOURCE ENERGY, 107 SELDEN STREET, BERLIN CT 06037
James S Distasio	other: Trustee	C/O EVERSOURCE ENERGY, 300 CADWELL DRIVE, BOSTON MA 01104
David H. Long	other: Trustee	C/O EVERSOURCE ENERGY, 107 SELDEN STREET - LEGAL DEPT., BERLIN CT 06037
John Y Kim	other: Trustee	51 MADISON AVENUE, NEW YORK NY 10010