Constellation Energy Corp (CEG)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | ||
|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 2,483,000 | 2,488,000 | 1,241,000 | -373,000 | -547,000 | -538,000 |
| Revenue (ttm) | US$ in thousands | 24,918,000 | 26,455,000 | 26,395,000 | 26,414,000 | 24,440,000 | 22,639,000 |
| Pretax margin | 9.96% | 9.40% | 4.70% | -1.41% | -2.24% | -2.38% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,483,000K ÷ $24,918,000K
= 9.96%
Constellation Energy Corporation's pretax margin has shown improvement in the latest quarter, reaching 9.78% in Q4 2023 compared to 9.22% in Q3 2023. This indicates that the company is effectively controlling operating expenses and generating higher profits before taxes. The trend of increasing pretax margins bodes well for the financial health of the company and suggests improved efficiency in its operations. However, it is important to note that there was a significant improvement from negative margins in Q1 2023 and Q4 2022 to positive margins in Q2 2023 onwards, indicating a possible turnaround in financial performance. Overall, the positive trend in pretax margins reflects improved profitability for Constellation Energy Corporation.
Peer comparison
Dec 31, 2023