American Electric Power Co Inc (AEP)

Pretax margin

		Dec 31, 2024	Sep 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	3,821,700	3,686,300	3,231,800	2,778,800	2,518,800	2,443,200	2,473,300	2,833,400	2,319,300	2,680,400	2,745,000	2,603,600	2,552,800	2,434,400	2,328,400	2,240,600	1,931,600	1,958,300	1,831,800	1,907,400
Revenue (ttm)	US$ in thousands	19,719,300	20,364,700	19,317,100	18,982,300	19,286,200	19,470,600	19,737,800	19,639,500	18,819,800	17,916,700	17,103,500	16,792,000	16,341,200	15,784,600	15,452,100	14,918,500	14,923,900	15,172,500	15,252,100	15,561,400
Pretax margin		19.38%	18.10%	16.73%	14.64%	13.06%	12.55%	12.53%	14.43%	12.32%	14.96%	16.05%	15.51%	15.62%	15.42%	15.07%	15.02%	12.94%	12.91%	12.01%	12.26%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,821,700K ÷ $19,719,300K
= 19.38%

The pretax margin of American Electric Power Co Inc has shown variability over the past few years. It stood at 12.26% as of December 31, 2019, and remained relatively stable around the 12-13% range until December 31, 2020. There was a notable increase in pretax margin to 15.02% by the end of 2020, which further improved to 15.62% by September 30, 2021.

During the first half of 2022, the pretax margin experienced some fluctuation, with a peak of 16.05% by March 31, 2022, but then declined to 12.32% by September 30, 2022. The margin rebounded to 14.43% by the end of 2022 but remained below the previous highs.

In the first half of 2023, the pretax margin remained relatively stable in the low to mid-12% range, but there was a notable increase to 16.73% by March 31, 2024. This upward trend continued, reaching 19.38% as of December 31, 2024, indicating a significant improvement in the company's profitability before the end of the period under review.

Overall, while the pretax margin of American Electric Power Co Inc has shown some fluctuations, there has been a general increasing trend in profitability from 2019 to 2024, with occasional peaks and troughs along the way.