FirstEnergy Corporation (FE)
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 | 1,369,000 | 1,406,000 | 1,603,000 | 1,205,000 | 1,125,000 |
| Revenue | US$ in thousands | 12,870,000 | 12,459,000 | 11,132,000 | 10,790,000 | 11,035,000 |
| Pretax margin | 10.64% | 11.29% | 14.40% | 11.17% | 10.19% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,369,000K ÷ $12,870,000K
= 10.64%
The pretax margin of Firstenergy Corp. has fluctuated over the past five years, ranging from 10.12% in 2019 to 14.00% in 2021. In 2023, the pretax margin stands at 11.38%. This metric reflects the company's ability to generate profit before taxes from its operations. Generally, a higher pretax margin indicates better profitability as a percentage of revenue. The downward trend observed from 2021 to 2023 may suggest potential challenges in controlling operating expenses or optimizing revenue generation. Further analysis of cost management and revenue strategies would provide insights into improving the pretax margin in the future.
Peer comparison
Dec 31, 2023