Edison International (EIX)
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 | 1,515,000 | 662,000 | 789,000 | 434,000 | 1,006,000 |
| Revenue | US$ in thousands | 16,338,000 | 17,220,000 | 14,905,000 | 13,578,000 | 12,347,000 |
| Pretax margin | 9.27% | 3.84% | 5.29% | 3.20% | 8.15% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,515,000K ÷ $16,338,000K
= 9.27%
The pretax margin of Edison International has fluctuated over the past five years. In 2023, the pretax margin increased significantly to 9.27% compared to 3.84% in 2022 and 5.29% in 2021. This indicates that the company's pre-tax profitability improved significantly in 2023. However, in 2020, the pretax margin was lower at 4.17%, and in 2019, it was relatively higher at 9.13%.
The increase in pretax margin from 2022 to 2023 suggests that the company may have effectively managed its operating expenses or increased revenue generation, resulting in higher profitability before taxes. It is important to note that further analysis of the company's financial statements and factors affecting its operations would provide more insight into the reasons behind these fluctuations in pretax margin over the years.
Peer comparison
Dec 31, 2023