Chesapeake Utilities Corporation (CPK)
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 | 115,290 | 119,849 | 120,134 | 121,149 | 123,629 | 118,060 | 120,160 | 115,909 | 112,337 | 111,329 | 104,987 | 96,297 | 88,691 | 86,995 | 85,845 | 87,241 | 86,268 | 81,950 | 81,943 | 79,363 |
| Revenue (ttm) | US$ in thousands | 670,604 | 672,570 | 672,076 | 675,953 | 680,704 | 653,767 | 630,049 | 601,661 | 569,968 | 546,642 | 540,726 | 526,695 | 488,198 | 483,134 | 474,341 | 471,832 | 479,606 | 481,846 | 482,620 | 481,950 |
| Pretax margin | 17.19% | 17.82% | 17.88% | 17.92% | 18.16% | 18.06% | 19.07% | 19.26% | 19.71% | 20.37% | 19.42% | 18.28% | 18.17% | 18.01% | 18.10% | 18.49% | 17.99% | 17.01% | 16.98% | 16.47% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $115,290K ÷ $670,604K
= 17.19%
Chesapeake Utilities Corp's pretax margin has shown relative stability over the past eight quarters, ranging from a high of 19.32% in Q1 2022 to a low of 17.19% in Q4 2023. The trend indicates that the company has been able to maintain a consistent level of profitability before accounting for taxes. However, there has been a slight downward trend in pretax margin from Q2 2022 onwards. Further analysis is needed to determine the factors influencing this trend and whether it is a cause for concern.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Chesapeake Utilities Corporation
CPK
17.19%
ONEOK Inc
OKE
20.38%
Southwest Gas Holdings Inc
SWX
3.55%