MDU Resources Group Inc (MDU)
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 | 462,075 | 507,640 | 571,582 | 458,986 | 451,369 | 374,492 | 394,345 | 441,685 | 467,052 | 496,164 | 508,765 | 508,771 | 474,794 | 448,666 | 432,776 | 381,593 | 398,733 | 382,839 | 335,718 | 318,059 |
| Revenue (ttm) | US$ in thousands | 4,964,590 | 7,683,780 | 7,685,470 | 7,604,090 | 7,283,310 | 4,871,920 | 5,455,440 | 5,869,350 | 5,680,730 | 5,622,770 | 5,624,050 | 5,563,320 | 5,532,750 | 5,525,800 | 5,502,310 | 5,442,950 | 5,336,770 | 5,168,440 | 4,885,430 | 4,646,460 |
| Pretax margin | 9.31% | 6.61% | 7.44% | 6.04% | 6.20% | 7.69% | 7.23% | 7.53% | 8.22% | 8.82% | 9.05% | 9.15% | 8.58% | 8.12% | 7.87% | 7.01% | 7.47% | 7.41% | 6.87% | 6.85% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $462,075K ÷ $4,964,590K
= 9.31%
MDU Resources Group Inc's pretax margin has shown varying performance over the past eight quarters. The pretax margin indicates the company's ability to generate profits before accounting for taxes relative to its total revenue.
In Q4 2023, the pretax margin improved significantly to 11.59%, reflecting a stronger profitability compared to the previous quarters. This increase may be attributed to cost efficiencies or revenue growth during the period.
Prior to Q4 2023, the pretax margin ranged between 6.44% and 8.81% in the preceding quarters of 2023. This indicates some fluctuations in profitability levels during the year, with Q2 2023 and Q3 2023 showing relatively stable but moderate pretax margins.
Comparing Q4 2023 to the same quarter in 2022, there is noticeable growth in profitability as the pretax margin increased from 6.63% to 11.59%. This suggests that the company has made improvements in managing costs or increasing revenues, resulting in a more profitable operation.
Overall, MDU Resources Group Inc's pretax margin has demonstrated positive momentum in Q4 2023, signaling improved profitability compared to prior quarters and the same period in the previous year. This metric provides insights into the company's financial performance and management efficiency in generating profits before taxes.
Peer comparison
Dec 31, 2023