Evergy Inc. Common Stock (EVRG)

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	746,900	800,200	997,100	720,500	766,900
Revenue	US$ in thousands	5,508,200	5,859,100	5,586,700	4,913,400	5,147,800
Pretax margin		13.56%	13.66%	17.85%	14.66%	14.90%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $746,900K ÷ $5,508,200K
= 13.56%

The pretax margin of Evergy Inc has shown some fluctuations over the past five years. In 2023, the pretax margin decreased to 13.78% from 13.87% in 2022. This slight decline may indicate a decrease in the company's profitability before accounting for taxes. However, it is important to note that the pretax margin in 2023 is still higher than the levels seen in 2020 and 2019, which were 14.90% and 15.20% respectively. The highest pretax margin was recorded in 2021 at 18.07%, showcasing a strong performance in profitability that year. Overall, Evergy Inc's pretax margin has demonstrated some variability but has generally maintained levels above 13%, indicating a moderate level of profitability before taxes.