FirstEnergy Corporation (FE)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,504,000 | 1,391,000 | 1,301,000 | 1,466,000 | 1,464,000 | 1,576,000 | 1,555,000 | 1,468,000 | 1,439,000 | 1,540,000 | 1,595,000 | 1,508,000 | 1,559,000 | 1,296,000 | 1,368,000 | 1,587,000 | 1,129,000 | 664,000 | 584,000 | 633,000 |
| Revenue (ttm) | US$ in thousands | 13,472,000 | 13,442,000 | 13,200,000 | 12,926,000 | 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 |
| Pretax margin | 11.16% | 10.35% | 9.86% | 11.34% | 11.38% | 12.22% | 12.06% | 11.56% | 11.55% | 12.90% | 13.76% | 13.23% | 14.00% | 11.77% | 12.54% | 14.68% | 10.46% | 6.08% | 5.37% | 5.83% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,504,000K ÷ $13,472,000K
= 11.16%
FirstEnergy Corporation's pretax margin has shown fluctuations over the analyzed period. The pretax margin started at 5.83% in March 2020, gradually decreased to 5.37% by June 2020, then increased to 6.08% by September 2020. There was a notable improvement in profitability by December 2020, with the pretax margin reaching 10.46%.
Subsequently, there was a significant surge in pretax margin to 14.68% by March 2021, demonstrating a strong performance. The margin slightly dipped to 12.54% by June 2021, followed by a further decrease to 11.77% by September 2021. However, there was a recovery by December 2021, with the pretax margin increasing to 14.00%.
Throughout 2022, the pretax margin stayed within the range of 11.55% to 13.76%, showing some stability. In 2023, the pretax margin fluctuated between 11.34% and 12.22%, indicating moderate variability in profitability. By the end of December 2024, the pretax margin had slightly increased to 11.16%.
Overall, the analysis reveals that FirstEnergy Corporation's pretax margin has displayed varying levels of profitability over the analyzed period, with some fluctuations but maintaining an average level above 10% which is generally considered healthy.
Peer comparison
Dec 31, 2024