FirstEnergy Corporation (FE)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,504,000 | 1,464,000 | 1,439,000 | 1,559,000 | 1,129,000 |
| Revenue | US$ in thousands | 13,472,000 | 12,870,000 | 12,459,000 | 11,132,000 | 10,790,000 |
| Pretax margin | 11.16% | 11.38% | 11.55% | 14.00% | 10.46% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,504,000K ÷ $13,472,000K
= 11.16%
FirstEnergy Corporation's pretax margin has displayed varying levels of efficiency in generating profits before taxes over the years. The trend indicates improvement from 2020 to 2021, with the margin increasing from 10.46% to 14.00%. However, there was a slight decline in 2022 to 11.55%, followed by relatively stable performances in 2023 and 2024 at 11.38% and 11.16%, respectively. Despite some fluctuations, the company has generally maintained a healthy pretax margin above 10%, showcasing its ability to effectively manage costs and generate earnings before taxes.
Peer comparison
Dec 31, 2024
Company name
Symbol
Pretax margin
FirstEnergy Corporation
FE
11.16%
American Electric Power Co Inc
AEP
14.85%
Black Hills Corporation
BKH
14.54%
CenterPoint Energy Inc
CNP
14.05%
Clearway Energy Inc Class C
CWEN
8.61%
Constellation Energy Corp
CEG
19.16%
Dominion Energy Inc
D
2.15%
DTE Energy Company
DTE
336.61%
Edison International
EIX
8.88%
Entergy Corporation
ETR
12.14%
Eversource Energy
ES
10.45%