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.