FirstEnergy Corporation (FE)
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 | 1,369,000 | 1,480,000 | 1,490,000 | 1,417,000 | 1,406,000 | 1,522,000 | 1,634,000 | 1,552,000 | 1,603,000 | 1,373,000 | 1,392,000 | 1,613,000 | 1,205,000 | 780,000 | 708,000 | 726,000 | 1,125,000 | 1,477,000 | 642,000 | 649,000 |
| Revenue (ttm) | US$ in thousands | 12,870,000 | 12,901,000 | 12,889,000 | 12,701,000 | 12,459,000 | 11,942,000 | 11,591,000 | 11,395,000 | 11,132,000 | 11,009,000 | 10,907,000 | 10,807,000 | 10,790,000 | 10,926,000 | 10,867,000 | 10,861,000 | 11,035,000 | 11,072,000 | 11,173,000 | 11,282,000 |
| Pretax margin | 10.64% | 11.47% | 11.56% | 11.16% | 11.29% | 12.74% | 14.10% | 13.62% | 14.40% | 12.47% | 12.76% | 14.93% | 11.17% | 7.14% | 6.52% | 6.68% | 10.19% | 13.34% | 5.75% | 5.75% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,369,000K ÷ $12,870,000K
= 10.64%
Firstenergy Corp.'s pretax margin has displayed some fluctuations over the past eight quarters. The trend indicates a slight decline from Q3 2022 to Q1 2023, followed by a modest increase in Q2 2023, and a subsequent decrease in Q3 2023. It is worth noting that the pretax margin is generally above 10% for all quarters, indicating that the company is able to generate solid profits before accounting for taxes. Further analysis of the company's cost control measures, revenue growth, and operating efficiency may help to understand the drivers behind these fluctuations in pretax margin.
Peer comparison
Dec 31, 2023