Chesapeake Utilities Corporation (CPK)
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 | 115,290 | 123,628 | 112,697 | 95,036 | 86,267 |
| Revenue | US$ in thousands | 670,604 | 680,704 | 569,968 | 488,198 | 479,605 |
| Pretax margin | 17.19% | 18.16% | 19.77% | 19.47% | 17.99% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $115,290K ÷ $670,604K
= 17.19%
The pretax margin of Chesapeake Utilities Corp has shown a slight decline from 19.77% in 2021 to 17.19% in 2023. This suggests that the company's ability to generate earnings before taxes relative to its total revenue has weakened over the past few years. Despite experiencing fluctuations, the pretax margin has generally remained above 16%, indicating a consistent profitability level. Further analysis of the company's cost structure and revenue streams may be necessary to identify the key factors driving these changes in pretax margin.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Chesapeake Utilities Corporation
CPK
17.19%
ONEOK Inc
OKE
20.80%
Southwest Gas Holdings Inc
SWX
3.55%