American States Water Company (AWR)

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 149,441 147,168 142,390 151,892 166,520 161,263 154,165 128,596 102,060 106,312 110,329 118,211 124,770 124,432 121,976 121,831 114,622 108,265 110,101 110,823
Revenue (ttm) US$ in thousands 595,459 577,541 567,455 569,527 595,699 595,886 579,174 544,381 491,528 482,785 484,556 490,363 498,853 506,429 503,362 496,226 488,243 477,036 477,844 481,213
Pretax margin 25.10% 25.48% 25.09% 26.67% 27.95% 27.06% 26.62% 23.62% 20.76% 22.02% 22.77% 24.11% 25.01% 24.57% 24.23% 24.55% 23.48% 22.70% 23.04% 23.03%

December 31, 2024 calculation

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

The pretax margin of American States Water Company has shown fluctuations over the periods from March 31, 2020, to December 31, 2024. The pretax margin indicates the company's efficiency in generating profits before accounting for taxes relative to its total revenue.

The company's pretax margin ranged from 20.76% in December 31, 2022, to a peak of 27.95% in December 31, 2023. This suggests that the company experienced fluctuations in its ability to control costs and manage its operations efficiently during this period.

Notably, there was a significant increase in the pretax margin from March 31, 2023, to December 31, 2023, demonstrating improved profitability. However, the pretax margin declined slightly in the following periods but remained relatively stable around the mid-20% range.

Overall, the company's pretax margin performance indicates that while there have been fluctuations, American States Water Company has generally been able to maintain a healthy level of profitability before taxes over the analyzed period. Further analysis of the underlying factors influencing these fluctuations would provide a more in-depth understanding of the company's financial performance.