Constellation Energy Corp (CEG)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 2,482,000 | -548,000 | 20,000 |
| Revenue | US$ in thousands | 24,918,000 | 24,440,000 | 19,649,000 |
| Pretax margin | 9.96% | -2.24% | 0.10% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $2,482,000K ÷ $24,918,000K
= 9.96%
The pretax margin of Constellation Energy Corporation has shown variation over the past four years. In 2023, the company achieved a pretax margin of 9.78%, representing a significant improvement from the prior year's -2.27%. This improvement indicates that the company was able to generate more earnings before taxes relative to its revenue in 2023.
The performance in 2023 also outperformed the pretax margin of 0.72% in 2021 and 4.70% in 2020, showcasing a positive trend in the company's ability to control operating expenses and generate profits before taxes. It is worth noting that the negative pretax margin in 2022 could signify challenges or exceptional circumstances faced by the company during that year.
Overall, Constellation Energy Corporation's pretax margin has demonstrated positive growth from 2022 to 2023, showing improved operational efficiency and profitability. Analyzing this ratio over multiple years provides insight into the company's financial health and management's ability to generate profits from its operations. It would be essential to continue monitoring this metric in future periods to assess the company's financial performance and sustainability.
Peer comparison
Dec 31, 2023