American Water Works (AWK)
Pretax margin
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,196,000 | 1,156,000 | 1,116,000 | 1,029,000 | 1,008,000 | 1,724,000 | 1,697,000 | 1,678,000 | 1,640,000 | 927,000 | 939,000 | 920,000 | 924,000 | 879,000 | 845,000 | 840,000 | 833,000 | 867,000 | 806,000 | 801,000 |
| Revenue (ttm) | US$ in thousands | 4,215,000 | 4,124,000 | 4,030,000 | 3,872,000 | 3,785,000 | 4,558,000 | 4,576,000 | 4,636,000 | 4,676,000 | 3,922,000 | 3,902,000 | 3,820,000 | 3,786,000 | 3,724,000 | 3,663,000 | 3,637,000 | 3,606,000 | 3,556,000 | 3,517,000 | 3,488,000 |
| Pretax margin | 28.37% | 28.03% | 27.69% | 26.58% | 26.63% | 37.82% | 37.08% | 36.19% | 35.07% | 23.64% | 24.06% | 24.08% | 24.41% | 23.60% | 23.07% | 23.10% | 23.10% | 24.38% | 22.92% | 22.96% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,196,000K ÷ $4,215,000K
= 28.37%
American Water Works Co. Inc.'s pretax margin has exhibited some fluctuations over the past eight quarters. The pretax margin decreased from the peak of 45.23% in Q3 2022 to 26.47% in Q1 2023, which represents a significant decline. However, the company managed to improve the pretax margin in the most recent quarter, reaching 28.25%.
Overall, the company's pretax margin has shown some volatility, with fluctuations occurring between the range of 26.47% and 45.23% over the past eight quarters. This variability could indicate changes in the company's operating efficiency, cost structure, or the overall business environment. Further analysis would be required to determine the factors influencing the fluctuations in American Water Works Co. Inc.'s pretax margin.
Peer comparison
Dec 31, 2023