Entergy Corporation (ETR)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,666,000 | 1,064,190 | 1,309,870 | 1,071,400 | -188,165 |
| Revenue | US$ in thousands | 11,209,600 | 12,477,900 | 10,993,900 | 10,116,300 | 10,266,400 |
| Pretax margin | 14.86% | 8.53% | 11.91% | 10.59% | -1.83% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,666,000K ÷ $11,209,600K
= 14.86%
Entergy Corp.'s pretax margin has shown fluctuations over the past five years. In 2023, the pretax margin increased significantly to 13.76%, indicating a stronger profitability before accounting for taxes compared to the previous years. This improvement suggests potential efficiency in managing expenses or generating revenues.
In 2022, the pretax margin was at 7.69%, which was lower compared to 2021 and 2020. This decrease may raise concerns about the company's ability to control costs or maintain revenues at optimal levels.
The pretax margin was at 11.16% in 2021, slightly lower than the level seen in 2020 at 12.71%. This indicates a dip in profitability in 2021 compared to the previous year.
In 2019, Entergy Corp.'s pretax margin was at 10.01%, showing consistent profitability levels over the years preceding the fluctuations observed in the subsequent years.
Overall, while the company experienced variability in its pretax margin, it is essential for stakeholders to monitor the trend closely to understand the factors driving these fluctuations and assess the company's overall financial health and performance.
Peer comparison
Dec 31, 2023