Entergy Corporation (ETR)

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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	1,666,080	1,828,319	1,679,234	953,254	1,064,191	1,118,394	1,067,547	1,247,677	1,309,867	1,754,285	1,514,648	1,586,558	1,310,803	1,034,320	822,083	1,071,400	348,963	207,115	-70,051	-195,044
Revenue (ttm)	US$ in thousands	11,202,450	11,630,410	12,281,490	12,854,670	12,767,560	12,331,340	11,484,210	10,924,560	10,982,260	11,165,450	10,229,550	9,893,720	9,650,130	9,897,230	10,171,010	10,310,470	10,360,650	10,330,960	10,517,820	10,829,380
Pretax margin		14.87%	15.72%	13.67%	7.42%	8.34%	9.07%	9.30%	11.42%	11.93%	15.71%	14.81%	16.04%	13.58%	10.45%	8.08%	10.39%	3.37%	2.00%	-0.67%	-1.80%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,666,080K ÷ $11,202,450K
= 14.87%

Entergy Corp.'s pretax margin has shown some fluctuations over the past eight quarters. In Q4 2023, the pretax margin was 13.76%, which was slightly lower than 14.37% in Q3 2023. Prior to that, it had decreased from 12.52% in Q2 2023. The pretax margin was particularly low in Q1 2023 at 6.82%, indicating possible challenges during that period.

Comparing the recent performance with the same quarter in the previous year, there has been a notable improvement from 7.69% in Q4 2022 to 13.76% in Q4 2023, reflecting a positive trend in profitability. However, it is essential for Entergy Corp. to closely monitor and manage its pretax margin to ensure sustainable profitability and financial health.