Consol Energy Inc (CEIX)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 777,872 | 568,437 | 35,407 | -5,783 | 80,540 |
| Revenue | US$ in thousands | 2,568,880 | 2,101,940 | 1,258,950 | 1,021,640 | 1,430,900 |
| Pretax margin | 30.28% | 27.04% | 2.81% | -0.57% | 5.63% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $777,872K ÷ $2,568,880K
= 30.28%
Consol Energy Inc's pretax margin has exhibited significant fluctuations over the past five years. The margin has improved consistently from negative figures in 2020 to a relatively strong 31.03% in 2023. This upward trend indicates that the company has effectively managed its operating expenses and has been able to generate higher profitability before accounting for taxes. The relatively low margin of 2.81% in 2021 suggests that the company faced challenges during that period, possibly due to increased costs or lower revenue. However, Consol Energy Inc was able to recover and improve its profitability substantially in the following years. The 2023 pretax margin of 31.03% reflects a healthy financial performance, showcasing the company's ability to generate earnings before tax at a relatively high rate relative to its revenue. Overall, the upward trend in pretax margin indicates improving operational efficiency and profitability for Consol Energy Inc.
Peer comparison
Dec 31, 2023