CenterPoint Energy Inc (CNP)

Pretax margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	1,087,000	1,136,000	1,063,000	1,090,000	1,417,000	1,952,000	1,926,000	1,914,000	1,596,000	1,142,000	997,000	899,000	-1,059,000	-1,194,000	-984,000	-908,000	821,000	899,000	792,000	494,000
Revenue (ttm)	US$ in thousands	8,696,000	9,225,000	9,268,000	9,337,000	9,321,000	8,924,000	8,770,000	8,568,000	8,352,000	8,092,000	7,965,000	7,798,000	7,418,000	8,594,000	8,630,000	8,713,000	8,775,000	8,581,000	9,135,000	9,663,000
Pretax margin		12.50%	12.31%	11.47%	11.67%	15.20%	21.87%	21.96%	22.34%	19.11%	14.11%	12.52%	11.53%	-14.28%	-13.89%	-11.40%	-10.42%	9.36%	10.48%	8.67%	5.11%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,087,000K ÷ $8,696,000K
= 12.50%

Centerpoint Energy Inc.'s pretax margin has been fluctuating over the past eight quarters. In the most recent quarter of Q4 2023, the pretax margin stood at 12.50%, slightly higher than the previous quarter's 12.31% in Q3 2023. However, when compared to the same quarter the previous year, Q4 2022, the pretax margin has declined from 15.20% to 12.50%.

Overall, the pretax margin has shown a mixed trend, with some quarters exhibiting growth and others experiencing a decline. This indicates that Centerpoint Energy Inc. has been facing variability in its ability to generate profits before accounting for taxes. Further analysis of the company's cost structure and revenue generation may help explain the fluctuations in pretax margin over the quarters.