American States Water Company (AWR)

Pretax margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Earnings before tax but after interest (EBT) US$ in thousands 149,441 166,520 102,060 124,770 114,622
Revenue US$ in thousands 595,459 595,699 491,528 498,853 488,243
Pretax margin 25.10% 27.95% 20.76% 25.01% 23.48%

December 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $149,441K ÷ $595,459K
= 25.10%

The pretax margin of American States Water Company has shown fluctuations over the past five years. It stood at 23.48% on December 31, 2020, increased to 25.01% by the end of 2021, but then dipped to 20.76% by December 31, 2022. However, the trend reversed, with a notable rise to 27.95% by the end of 2023. Ultimately, as of December 31, 2024, the pretax margin settled at 25.10%. These variations in the pretax margin indicate changes in the company's ability to generate profits before accounting for taxes, reflecting factors such as revenue growth, cost management, and efficiency improvements.