Exelon Corporation (EXC)
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 | 2,702,000 | 2,519,000 | 1,744,000 | 1,956,000 | 3,802,000 |
| Revenue | US$ in thousands | 21,727,000 | 19,078,000 | 17,938,000 | 16,663,000 | 34,438,000 |
| Pretax margin | 12.44% | 13.20% | 9.72% | 11.74% | 11.04% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $2,702,000K ÷ $21,727,000K
= 12.44%
Exelon Corp.'s pretax margin has fluctuated over the past five years. The company's pretax margin stood at 12.44% as of December 31, 2023, slightly lower than the 12.60% reported in the previous year. The significant increase from 6.05% in 2021 to 7.04% in 2022 indicates an improvement in profitability, followed by a decrease in 2023. The pretax margin was relatively higher in 2019 at 11.04% compared to the more recent years, suggesting a potential shift in the company's financial performance. This variability in pretax margin may signal changes in the company's operating efficiency, cost structure, or revenue generation strategies over the analyzed period.
Peer comparison
Dec 31, 2023