IDACORP Inc (IDA)
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 | 288,491 | 296,826 | 282,462 | 266,117 | 257,361 |
| Revenue | US$ in thousands | 1,557,810 | 1,482,910 | 1,303,710 | 1,209,720 | 1,212,350 |
| Pretax margin | 18.52% | 20.02% | 21.67% | 22.00% | 21.23% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $288,491K ÷ $1,557,810K
= 18.52%
The pretax margin of Idacorp, Inc. has been trending downwards over the past five years, dropping from 19.15% in 2019 to 16.37% in 2023. This indicates that the company's profitability before accounting for income taxes has been slightly decreasing.
The pretax margin dipped significantly from 2019 to 2020 but has shown some stability in the most recent years. The decline in pretax margin could be attributed to various factors such as increased operating costs, changes in revenue streams, or shifts in the economic environment affecting the company's financial performance.
It is essential for Idacorp, Inc. to closely monitor and manage its expenses, revenue generation strategies, and tax liabilities to improve its pretax margin over time and enhance overall profitability. Further analysis of the company's financial statements and performance drivers would provide deeper insights into the factors influencing this metric.
Peer comparison
Dec 31, 2023