CenterPoint Energy Inc (CNP)
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 | 1,214,000 | 1,087,000 | 1,417,000 | 778,000 | -865,000 |
| Revenue | US$ in thousands | 8,643,000 | 8,696,000 | 9,321,000 | 8,352,000 | 7,418,000 |
| Pretax margin | 14.05% | 12.50% | 15.20% | 9.32% | -11.66% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,214,000K ÷ $8,643,000K
= 14.05%
CenterPoint Energy Inc's pretax margin has shown a varied trend over the years. In December 2020, the pretax margin was negative at -11.66%, indicating that the company's operating expenses and other costs were higher than its revenue before accounting for taxes. However, the situation significantly improved by December 2021, when the pretax margin increased to 9.32%, reflecting a positive growth in profitability.
Subsequently, in December 2022, the pretax margin continued to strengthen, reaching 15.20%, indicating efficient cost management and revenue generation strategies. Although there was a slight dip in profitability by December 2023 to 12.50%, the company maintained a relatively healthy margin. By December 2024, CenterPoint Energy Inc further improved its pretax margin to 14.05%, demonstrating sustained profitability and operational efficiency.
Overall, CenterPoint Energy Inc's pretax margin has shown positive progress over the years, with the company successfully enhancing its profitability and effectively managing costs to drive financial performance.
Peer comparison
Dec 31, 2024