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 displayed periods of both resilience and volatility. Revenues increased modestly from USD 9,603 million in 2020 to a peak of USD 11,237 million in 2023, before dipping to USD 10,290 million in 2024. This fluctuation indicates mostly steady top-line performance overall, though the decline from 2023 to 2024—a drop of roughly 8%—suggests potential market or operational headwinds. Gross profit experienced significant swings: a robust USD 6,547 million in 2020 plunged to a negative USD 856 million in 2021, rebounded to USD 1,381 million in 2022, then surged to USD 3,685 million in 2023 before easing to USD 2,353 million in 2024. Similar trends are observed in operating income and net income, with net income recovering from a negative USD 648 million in 2021 to a high of USD 2,563 million in 2023, then moderating to USD 1,772 million in 2024. These pronounced changes, especially the sharp decline in 2021 exceeding a 20% swing, could be linked to industry-specific challenges such as fluctuations in fuel costs, regulatory adjustments, or temporary operational disruptions. The recovery in subsequent years points to effective management responses and operational adjustments. Overall, while the intermittent dips highlight short-term volatility, the company’s ability to bounce back—evidenced by recovery in profitability metrics—indicates a fundamentally sound business. Maintaining stable revenue, coupled with strong rebounds in gross and net income, suggests that the utility provider remains financially sustainable and resilient amid evolving market conditions, further solidified by the regulated nature of the utility sector.
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.