Consolidated Edison Inc (ED)

Pretax margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	3,006,000	2,959,000	3,062,000	3,079,000	2,158,000	2,020,000	1,912,000	1,794,000	1,536,000	1,266,000	1,213,000	1,258,000	1,191,000	1,589,000	1,566,000	1,538,000	1,640,000	1,694,000	1,715,000	1,770,000
Revenue (ttm)	US$ in thousands	14,663,000	15,250,000	15,543,000	16,014,000	15,671,000	15,055,000	14,503,000	14,059,000	13,676,000	13,221,000	12,941,000	12,689,000	12,246,000	12,237,000	12,269,000	12,294,000	12,574,000	12,572,000	12,535,000	12,487,000
Pretax margin		20.50%	19.40%	19.70%	19.23%	13.77%	13.42%	13.18%	12.76%	11.23%	9.58%	9.37%	9.91%	9.73%	12.99%	12.76%	12.51%	13.04%	13.47%	13.68%	14.17%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,006,000K ÷ $14,663,000K
= 20.50%

Consolidated Edison, Inc.'s pretax margin has shown a consistent increase over the quarters, reflecting operational efficiency and cost management. In Q4 2023, the pretax margin reached 20.48%, the highest among the reported quarters, indicating the company's ability to generate profit before tax more efficiently. This improvement from Q1 2022's pretax margin of 11.32% signifies a positive trend in the company's profitability. The steady growth in pretax margin suggests that Consolidated Edison, Inc. has been effectively managing its costs and operating expenses. This positive trajectory bodes well for the company's financial health and future earnings potential.