Innergex Renewable Energy (Innergex Renewable Energy) Net Margin % : -46.79% (As of Dec. 2023)

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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 Dec. 2023 was $-84.9 Mil. Innergex Renewable Energy's Revenue for the three months ended in Dec. 2023 was $181.5 Mil. Therefore, Innergex Renewable Energy's net margin for the quarter that ended in Dec. 2023 was -46.79%.

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: -10.15

INGXF's Net Margin % is ranked worse than
81.36% of 413 companies
in the Utilities - Independent Power Producers industry
Industry Median: 7.15 vs INGXF: -10.15

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 %

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-5.03

-5.32

-25.67

-9.38

-10.15

Innergex Renewable Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Margin %	Get a 7-Day Free Trial															-22.25	-7.26	8.23	3.28	-46.79

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 Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-84.928	/	181.517
	=	-46.79 %

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 (Innergex Renewable Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Innergex Renewable Energy Inc (OTCPK:INGXF) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

3IX:Germany INE.PR.C.PFD:Canada INE.PR.A.PFD:Canada INE:Canada

Address

1225 Saint-Charles Street West, 10th Floor, Longueuil, QC, CAN, J4K 0B9

Website

https://www.innergex.com

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.

Innergex Renewable Energy (Innergex Renewable Energy) Headlines

From GuruFocus

Innergex Announces Signature of a 12-Year Power Purchase Agreement for Foard City Wind Project in Texas, USA

By PRNewswire PRNewswire • 05-07-2018