CenterPoint Energy Inc (CNP)
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 | 1,087,000 | 1,417,000 | 1,596,000 | -693,000 | 821,000 |
| Revenue | US$ in thousands | 8,696,000 | 9,321,000 | 8,352,000 | 7,418,000 | 7,564,000 |
| Pretax margin | 12.50% | 15.20% | 19.11% | -9.34% | 10.85% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,087,000K ÷ $8,696,000K
= 12.50%
The pretax margin is a financial ratio that indicates the percentage of each dollar of a company's revenue that is left after subtracting operating expenses but before deducting income taxes.
Centerpoint Energy Inc.'s pretax margin has fluctuated over the past five years, as follows:
- In 2023, the pretax margin was 12.50%, representing a slight decrease from 15.20% in 2022.
- The pretax margin was 9.32% in 2021, showing an improvement from the negative pretax margin of -11.66% in 2020.
- In 2019, the pretax margin was 7.55%.
The trend in Centerpoint Energy Inc.'s pretax margin indicates some variability in its profitability performance over the years. It is important to further analyze the factors that have contributed to these fluctuations to gain a deeper understanding of the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023