Clearway Energy Inc Class C (CWEN)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 118,000 | 83,000 | 75,000 | 74,000 | 77,000 | 106,000 | 90,000 | 825,000 | 804,000 | 823,000 | 800,000 | 47,000 | 63,000 | 17,000 | 36,000 | 67,000 | 33,000 | 21,000 | 8,000 | -85,000 |
| Revenue (ttm) | US$ in thousands | 1,371,000 | 1,364,000 | 1,249,000 | 1,289,000 | 1,314,000 | 1,333,000 | 1,302,000 | 1,264,000 | 1,190,000 | 1,240,000 | 1,251,000 | 1,263,000 | 1,286,000 | 1,248,000 | 1,229,000 | 1,178,000 | 1,199,000 | 1,154,000 | 1,118,000 | 1,073,000 |
| Pretax margin | 8.61% | 6.09% | 6.00% | 5.74% | 5.86% | 7.95% | 6.91% | 65.27% | 67.56% | 66.37% | 63.95% | 3.72% | 4.90% | 1.36% | 2.93% | 5.69% | 2.75% | 1.82% | 0.72% | -7.92% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $118,000K ÷ $1,371,000K
= 8.61%
Clearway Energy Inc Class C's pretax margin has shown fluctuations over the reported periods. It started at a negative value of -7.92% in March 2020, indicating that the company's operating expenses exceeded its revenues before accounting for taxes.
Subsequently, there was a gradual improvement in the pretax margin, turning positive in the following quarters. By December 2020, the pretax margin had increased to 2.75%, indicating the company was generating profits before taxes.
The trend continued to improve in the following quarters, with fluctuations in the pretax margin but generally showing an increasing trend. The pretax margin peaked at an impressive 67.56% in December 2022, suggesting a significant increase in profitability.
However, the pretax margin declined in the subsequent periods, returning to single-digit percentages. In the most recent period reported, December 2024, the pretax margin stood at 8.61%, indicating that the company's profitability had slightly improved compared to the previous quarters.
Overall, Clearway Energy Inc Class C's pretax margin has shown variability over the reported periods, with both positive and negative values. Investors and stakeholders may want to further assess the reasons behind these fluctuations to gain a deeper understanding of the company's financial performance.
Peer comparison
Dec 31, 2024