Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $9,603 | $9,722 | $9,800 | $11,237 | $10,290 |
| Gross Profit | $6,547 | -$856 | $1,381 | $3,685 | $2,353 |
| Operating Income | $2,270 | -$856 | $1,381 | $3,685 | $2,353 |
| Net Income | $1,905 | -$648 | $1,031 | $2,563 | $1,772 |
Over the five-year period, Public Service Enterprise Group Incorporated’s revenue shows a generally stable performance with minor fluctuations. Revenue increased modestly from USD 9.60 billion in 2020 to a peak of USD 11.24 billion in 2023, before declining to USD 10.29 billion in 2024. Notably, gross profit and operating income experienced significant volatility. In 2020, the company posted a robust gross profit of USD 6.55 billion; however, in 2021, both gross profit and operating income plunged to a negative USD 856 million—exceeding a 100% swing year-over-year—indicating substantial operational challenges that may have been driven by cost pressures or unexpected market conditions. The recovery from 2021 was marked by gradual improvement: gross profit rebounded to USD 1.38 billion in 2022, surged to USD 3.69 billion in 2023, but then fell to USD 2.35 billion in 2024, mirroring the trend in operating income. Net income patterns similarly reflect the company’s operational fluctuations. Following a solid performance in 2020 with net income of USD 1.91 billion, the net loss of USD 648 million in 2021 further underscores the steep turnaround challenges during that year. Recovery ensued with net income reaching USD 1.03 billion in 2022 and peaking at USD 2.56 billion in 2023 before settling at USD 1.77 billion in 2024. Given that Public Service Enterprise Group operates in the utility sector—a typically stable industry—the dramatic swing in 2021 stands out as an anomaly possibly related to extraordinary events or adjustments in cost management. Overall, while the metrics indicate resilience with strong recovery post-2021, the decline in 2024 signals a need for careful monitoring of operational efficiencies and market conditions to ensure sustainable profitability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.