Duke Energy Corporation (DUK)
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 | 3,279,000 | 2,850,000 | 4,176,000 | 1,208,000 | 4,267,000 |
| Revenue | US$ in thousands | 26,046,000 | 26,329,000 | 22,817,000 | 21,706,000 | 22,144,000 |
| Pretax margin | 12.59% | 10.82% | 18.30% | 5.57% | 19.27% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $3,279,000K ÷ $26,046,000K
= 12.59%
The pretax margin of Duke Energy Corp. has shown fluctuating trends over the past five years. In 2023, the pretax margin improved to 16.40%, up from 14.18% in 2022. This suggests an enhancement in the company's ability to generate profits before accounting for taxes. Comparing the current year to the previous years, the pretax margin was relatively stable in 2021 at 15.00%, significantly lower in 2020 at 3.52%, and was strong in 2019 at 16.34%.
The increase in the pretax margin in 2023 indicates that Duke Energy Corp. has potentially managed its costs effectively or increased its revenue generation relative to the previous year. However, to gain a deeper understanding of the company's financial performance, it would be beneficial to analyze other financial ratios and metrics in conjunction with the pretax margin.
Peer comparison
Dec 31, 2023