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| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $4,913 | $5,587 | $5,859 | $5,508 | $5,847 |
| Gross Profit | $1,144 | $1,355 | $1,267 | $1,282 | $1,468 |
| Operating Income | $1,144 | $1,355 | $1,267 | $1,282 | $1,468 |
| Net Income | $618 | $880 | $753 | $731 | $874 |
Over the five-year period, Evergy, Inc. exhibited generally steady financial performance with modest growth and some fluctuations across key metrics. Revenue increased from approximately 4,913 million USD in 2020 to 5,847 million USD in 2024. The jump from 2020 to 2021, where revenue grew roughly 13.7%, coincided with a significant net income increase of about 42% (from 618.3 to 879.7 million USD). However, subsequent years saw a slight tapering, with revenue peaking in 2024 after a dip in 2023, which suggests that while the company's top-line growth is positive, it is subject to minor volatility possibly influenced by shifting market conditions or operational adjustments. Operating income and gross profit have moved in tandem with revenue, reflecting relatively stable margins throughout the period. Although the gross profit declined from 1,354.9 million USD in 2021 to 1,267.2 million USD in 2022, it bounced back to 1,468 million USD in 2024, mirroring revenue strength. Net income, while generally trending upward, experienced a noticeable softening between 2021 and 2023 before recovering in 2024. Given Evergy’s position in the regulated utility sector—a field that typically exhibits consistent cash flows moderated by external factors such as regulatory changes and energy market conditions—the firm’s financials indicate resilience. Overall, the steady revenue growth coupled with recovering profitability suggests Evergy maintains sound financial health and sustainability, even as it navigates modest annual performance swings.
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.