Avista Corporation (AVA)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 183,000 | 181,892 | 174,813 | 163,134 | 137,550 | 143,264 | 126,693 | 125,473 | 137,985 | 119,320 | 133,895 | 139,913 | 159,365 | 169,901 | 166,702 | 159,764 | 136,539 | 126,230 | 125,454 | 139,195 | 
| Revenue (ttm) | US$ in thousands | 1,938,000 | 1,922,590 | 1,908,372 | 1,886,237 | 1,751,452 | 1,744,241 | 1,724,163 | 1,722,792 | 1,710,207 | 1,631,862 | 1,568,423 | 1,488,112 | 1,438,936 | 1,387,555 | 1,364,194 | 1,344,531 | 1,321,891 | 1,306,027 | 1,317,151 | 1,339,371 | 
| Pretax margin | 9.44% | 9.46% | 9.16% | 8.65% | 7.85% | 8.21% | 7.35% | 7.28% | 8.07% | 7.31% | 8.54% | 9.40% | 11.08% | 12.24% | 12.22% | 11.88% | 10.33% | 9.67% | 9.52% | 10.39% | 
December 31, 2024 calculation
            Pretax margin = EBT (ttm) ÷ Revenue (ttm)
            = $183,000K ÷ $1,938,000K
            = 9.44%        
The pretax margin of Avista Corporation has fluctuated over the period from March 31, 2020, to December 31, 2024. It started at 10.39% in March 2020, dipped to a low of 7.31% in September 2022, and gradually increased to 9.44% by December 2024. Overall, the pretax margin trend shows variability, with some quarters showing improvements while others experienced declines. This suggests that Avista Corporation's ability to generate profits before taxes has been inconsistent and impacted by various internal and external factors influencing its financial performance.
Peer comparison
Dec 31, 2024
Company name
                    Symbol
                    Pretax margin
                Avista Corporation
                            AVA
                            9.44%
                        Allete Inc
                            ALE
                            12.03%
                        Alliant Energy Corp
                            LNT
                            14.44%
                        Ameren Corp
                            AEE
                            16.66%
                        CMS Energy Corporation
                            CMS
                            15.69%
                        Consolidated Edison Inc
                            ED
                            14.01%
                        Duke Energy Corporation
                            DUK
                            17.11%
                        Evergy, Inc.
                            EVRG
                            15.52%
                        Exelon Corporation
                            EXC
                            11.59%
                        NiSource Inc
                            NI
                            10.04%
                        NorthWestern Corporation
                            NWE
                            14.18%