EQT Corporation (EQT)
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 | 2,104,190 | 2,324,680 | -1,570,780 | -1,254,090 | -1,597,470 |
| Revenue | US$ in thousands | 6,908,920 | 7,497,690 | 3,064,660 | 3,058,840 | 4,416,480 |
| Pretax margin | 30.46% | 31.01% | -51.25% | -41.00% | -36.17% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $2,104,190K ÷ $6,908,920K
= 30.46%
The pretax margin of EQT Corp has displayed significant fluctuations over the past five years. In 2023 and 2022, the pretax margin stood at 30.45% and 31.14% respectively, indicating a relatively stable performance in generating profits before taxes. However, the company experienced a sharp decline in pretax margin in 2021, recording a negative figure of -51.84%, reflecting challenges in profitability and potentially significant one-time expenses or impairments during that period. The trend continued in 2020 and 2019, with pretax margins of -41.39% and -36.17% respectively, suggesting continued struggles in generating pre-tax profits during those years. Overall, EQT Corp's pretax margin performance has been volatile, highlighting the importance of monitoring and analyzing the company's operational efficiency and cost management strategies.
Peer comparison
Dec 31, 2023