California Water Service Group (CWT)
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 | 226,745 | 44,595 | 101,638 | 105,071 | 108,849 |
| Revenue | US$ in thousands | 1,036,810 | 794,632 | 846,431 | 790,909 | 794,307 |
| Pretax margin | 21.87% | 5.61% | 12.01% | 13.28% | 13.70% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $226,745K ÷ $1,036,810K
= 21.87%
The pretax margin of California Water Service Group has shown fluctuations over the years based on the provided data. In December 2020, the pretax margin stood at 13.70%, indicating that the company retained 13.70% of its revenue as profit before taxes. In December 2021, the pretax margin decreased slightly to 13.28%.
Subsequently, there was a more notable decline in December 2022, with the pretax margin dropping to 12.01%. This decrease may suggest potential challenges impacting the company's profitability during that period. However, there was a significant rebound in December 2024, where the pretax margin surged to 21.87%, showcasing a strong performance in retaining earnings before taxes.
Notably, in December 2023, there was a substantial decrease in the pretax margin to 5.61%, marking a significant dip in profitability for the company during that year. Overall, the pretax margin has displayed variability over the years, reflecting changes in the company's ability to generate profit before accounting for tax obligations.
Peer comparison
Dec 31, 2024