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INGXF (Innergex Renewable Energy) Net Margin % : 3.36% (As of Sep. 2024)


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What is Innergex Renewable Energy Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Innergex Renewable Energy's Net Income for the three months ended in Sep. 2024 was $6.1 Mil. Innergex Renewable Energy's Revenue for the three months ended in Sep. 2024 was $180.3 Mil. Therefore, Innergex Renewable Energy's net margin for the quarter that ended in Sep. 2024 was 3.36%.

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

INGXF' s Net Margin % Range Over the Past 10 Years
Min: -25.67   Med: -7.35   Max: 12.28
Current: -13.4


INGXF's Net Margin % is ranked worse than
82.78% of 418 companies
in the Utilities - Independent Power Producers industry
Industry Median: 9.355 vs INGXF: -13.40

Innergex Renewable Energy Net Margin % Historical Data

The historical data trend for Innergex Renewable Energy's Net 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.

Innergex Renewable Energy Net Margin % Chart

Innergex Renewable Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.03 -5.32 -25.67 -9.38 -10.15

Innergex Renewable Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.28 -46.79 -18.62 8.33 3.36

Competitive Comparison of Innergex Renewable Energy's Net Margin %

For the Utilities - Renewable subindustry, Innergex Renewable Energy's Net Margin %, along with its competitors' market caps and Net 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.


Innergex Renewable Energy's Net Margin % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Innergex Renewable Energy's Net Margin % distribution charts can be found below:

* The bar in red indicates where Innergex Renewable Energy's Net Margin % falls into.



Innergex Renewable Energy Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Innergex Renewable Energy's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=-73.383/722.935
=-10.15 %

Innergex Renewable Energy's Net Margin for the quarter that ended in Sep. 2024 is calculated as

Net Margin=Net Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=6.06/180.298
=3.36 %

* 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.


Innergex Renewable Energy  (OTCPK:INGXF) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Innergex Renewable Energy Net Margin % Related Terms

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Innergex Renewable Energy Business Description

Address
1225 Saint-Charles Street West, 10th Floor, Longueuil, QC, CAN, J4K 0B9
Innergex Renewable Energy Inc is an independent Canadian renewable power producer. It develops, acquires, owns, and operates hydroelectric, wind, and solar facilities in Canada, the United States, France, and Chile. Most of the energy that the company generates comes from its hydroelectric facilities. Innergex Renewable Energy primarily generates revenue through the sale of electricity from its hydroelectric sites. The company's wind farms also generate substantial amounts of energy and revenue.