Eversource Energy (ES)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,243,840 | -275,037 | 1,865,970 | 1,572,270 | 1,558,870 |
| Revenue | US$ in thousands | 11,900,800 | 11,910,700 | 12,289,300 | 9,863,080 | 8,904,430 |
| Pretax margin | 10.45% | -2.31% | 15.18% | 15.94% | 17.51% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,243,840K ÷ $11,900,800K
= 10.45%
Eversource Energy's pretax margin has shown a declining trend over the years, starting at 17.51% in December 31, 2020, and decreasing to 15.94% in December 31, 2021, further dropping to 15.18% in December 31, 2022. However, there was a significant downturn with a negative pretax margin of -2.31% in December 31, 2023. The company managed to improve its pretax margin to 10.45% by December 31, 2024. This fluctuation in pretax margin indicates potential challenges in managing operating expenses and generating profits before taxes, which may warrant a closer examination of the company's cost structure and revenue generation strategies.
Peer comparison
Dec 31, 2024