Evergy Inc. Common Stock (EVRG)

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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	746,900	677,200	794,500	821,200	800,200	899,300	928,200	916,500	997,100	985,500	893,400	855,600	720,500	722,800	740,600	737,600	766,900	754,400	741,200	633,900
Revenue (ttm)	US$ in thousands	5,508,200	5,599,900	5,839,700	5,932,000	5,859,100	5,701,600	5,409,000	5,198,700	5,586,700	5,559,000	5,460,100	5,408,600	4,913,400	4,950,600	5,010,600	5,047,600	5,147,800	5,216,000	5,220,900	4,892,600
Pretax margin		13.56%	12.09%	13.61%	13.84%	13.66%	15.77%	17.16%	17.63%	17.85%	17.73%	16.36%	15.82%	14.66%	14.60%	14.78%	14.61%	14.90%	14.46%	14.20%	12.96%

December 31, 2023 calculation

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

Over the last eight quarters, Evergy Inc's pretax margin has displayed fluctuations. In Q1 2022, the pretax margin was at its highest, reaching 17.87%, but it gradually decreased in subsequent quarters. By Q3 2022, there was a noticeable drop to 15.99%, followed by further declines in Q4 2022 (13.87%) and Q1 2023 (14.05%). However, in Q2 2023, there was a slight increase to 13.82%, followed by another uptick in Q4 2023 to 13.78%.

The variations in the pretax margin suggest that Evergy Inc's profitability before taxes has experienced some volatility. It is essential for the company to monitor and analyze the factors contributing to these fluctuations to ensure sustainable and consistent financial performance in the future.