California Water Service Group (CWT)
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 | 230,784 | 235,118 | 196,479 | 157,328 | 44,595 | 43,083 | 65,672 | 75,465 | 101,638 | 85,804 | 88,289 | 107,835 | 105,071 | 119,070 | 165,068 | 131,231 | 108,849 | 106,473 | 50,352 | 65,433 |
| Revenue (ttm) | US$ in thousands | 1,036,806 | 1,029,123 | 984,536 | 934,281 | 794,632 | 781,057 | 792,388 | 804,538 | 846,431 | 818,820 | 809,236 | 816,165 | 790,909 | 806,735 | 854,120 | 816,481 | 794,307 | 782,033 | 710,462 | 714,009 |
| Pretax margin | 22.26% | 22.85% | 19.96% | 16.84% | 5.61% | 5.52% | 8.29% | 9.38% | 12.01% | 10.48% | 10.91% | 13.21% | 13.28% | 14.76% | 19.33% | 16.07% | 13.70% | 13.61% | 7.09% | 9.16% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $230,784K ÷ $1,036,806K
= 22.26%
The pretax margin of California Water Service Group has fluctuated over the analyzed period. It started at 9.16% in March 2020, decreased to 7.09% in June 2020, and then showed an upward trend, reaching 22.26% by December 2024.
The pretax margin indicates the percentage of each dollar of revenue that the company retains as pre-tax profit after accounting for all expenses but before income taxes are deducted. A higher pretax margin implies better cost management and operational efficiency.
The company experienced significant improvements in its pretax margin from the first quarter of 2021 through the third quarter of 2024, with the margin peaking at 22.85% in September 2024. However, there were fluctuations in the margins between the fourth quarter of 2020 and the first quarter of 2021, and then a decline from the first quarter of 2024 onwards.
Further analysis would be required to understand the factors driving these fluctuations, including revenue growth, cost control measures, changes in expenses, and any one-off or exceptional items impacting the pre-tax profitability of California Water Service Group.
Peer comparison
Dec 31, 2024