Dominion Energy Inc (D)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 2,569,000 | 1,062,000 | 3,713,000 | -318,000 | 1,567,000 |
| Revenue | US$ in thousands | 14,393,000 | 13,938,000 | 13,964,000 | 14,172,000 | 14,401,000 |
| Pretax margin | 17.85% | 7.62% | 26.59% | -2.24% | 10.88% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $2,569,000K ÷ $14,393,000K
= 17.85%
The pretax margin of Dominion Energy Inc has shown fluctuations over the past five years. In 2023, the pretax margin improved significantly to 18.98%, marking a notable increase from 6.13% in 2022. This indicates a strong performance in generating profits before accounting for taxes in the most recent year.
Comparing to the previous years, the pretax margins were at 22.19% in 2021, 9.96% in 2020, and 10.42% in 2019. The company experienced a dip in 2020 but managed to recover and surpass the 2019 level by 2021.
Overall, Dominion Energy Inc's pretax margin has been somewhat volatile in recent years, with fluctuations possibly influenced by various factors such as operational efficiency, cost management, revenue growth, and changes in tax obligations. It is important for the company to maintain or improve its pretax margin consistently to ensure sustainable profitability and financial health.
Peer comparison
Dec 31, 2023