Constellation Energy Corp (CEG)
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 | 4,516,000 | 2,447,000 | -542,000 | 152,000 | 836,000 |
| Revenue | US$ in thousands | 23,568,000 | 24,918,000 | 24,440,000 | 19,649,000 | 17,603,000 |
| Pretax margin | 19.16% | 9.82% | -2.22% | 0.77% | 4.75% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $4,516,000K ÷ $23,568,000K
= 19.16%
Constellation Energy Corp's pretax margin has exhibited fluctuations over the past five years. In December 2020, the pretax margin stood at 4.75%, indicating a decent level of profitability before accounting for taxes. However, there was a noticeable decrease in December 2021, with the pretax margin dropping to 0.77%, potentially signaling challenges in controlling operating expenses or generating revenue.
The situation worsened in December 2022, as the pretax margin turned negative at -2.22%, suggesting that Constellation Energy Corp incurred losses before considering taxes. The company managed to reverse this trend in December 2023, achieving a robust pretax margin of 9.82%, reflecting improved operational efficiency or revenue growth.
The most significant improvement occurred in December 2024, with the pretax margin surging to 19.16%, indicating a substantial increase in profitability and potentially efficient cost management. Overall, Constellation Energy Corp's pretax margin has displayed variability, highlighting the company's ability to adapt to changing market conditions and operational challenges.
Peer comparison
Dec 31, 2024