Clearway Energy Inc Class C (CWEN)
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 | 118,000 | 77,000 | 804,000 | 63,000 | 33,000 |
| Revenue | US$ in thousands | 1,371,000 | 1,314,000 | 1,190,000 | 1,286,000 | 1,199,000 |
| Pretax margin | 8.61% | 5.86% | 67.56% | 4.90% | 2.75% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $118,000K ÷ $1,371,000K
= 8.61%
Clearway Energy Inc Class C's pretax margin has shown a significant increase over the years, based on the data provided. In December 31, 2020, the pretax margin was 2.75%, which improved to 4.90% by December 31, 2021. The most notable increase was seen as of December 31, 2022, where the pretax margin surged to 67.56%. Subsequently, there was a slight decrease to 5.86% by December 31, 2023, followed by a further increase to 8.61% by December 31, 2024.
This fluctuation in the pretax margin indicates varied levels of profitability before taking into account taxes and interest expenses. The significant spike in 2022 could be attributed to factors such as cost management, revenue growth, or one-time gains. The subsequent fluctuations could indicate changes in business performance, costs, or other financial factors that affected the company's profitability.
Overall, Clearway Energy Inc Class C's pretax margin has shown both growth and volatility over the years, requiring further analysis to understand the underlying factors driving these fluctuations.
Peer comparison
Dec 31, 2024