Ameren Corp (AEE)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,335,000 | 1,250,000 | 1,147,000 | 1,026,000 | 1,010,000 |
| Revenue | US$ in thousands | 7,500,000 | 7,957,000 | 6,394,000 | 5,794,000 | 5,910,000 |
| Pretax margin | 17.80% | 15.71% | 17.94% | 17.71% | 17.09% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,335,000K ÷ $7,500,000K
= 17.80%
Ameren Corp.'s pretax margin, a key profitability ratio, has shown fluctuation over the past five years. In 2023, the pretax margin increased to 17.87% from 15.77% in 2022, indicating improved efficiency in generating profits before paying taxes. This rise suggests effective cost management or potentially higher revenue generation.
Comparing to the historical trend, the pretax margin in 2023 is slightly lower than the peak margin of 18.02% in 2021 but higher than the margins in 2020 and 2019. This indicates a relatively stable performance in generating profits prior to tax expenses.
Overall, Ameren Corp.'s pretax margin performance in 2023 reflects a positive trend, suggesting strength in profitability before factoring in tax considerations. It would be beneficial for stakeholders to further investigate the factors contributing to this increase and assess the company's ability to sustain or improve this profitability metric in the future.
Peer comparison
Dec 31, 2023