MGE Energy Inc (MGEE)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 131,165 | 145,502 | 137,176 | 109,876 | 111,841 |
| Revenue | US$ in thousands | 676,944 | 690,431 | 714,519 | 606,584 | 538,633 |
| Pretax margin | 19.38% | 21.07% | 19.20% | 18.11% | 20.76% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $131,165K ÷ $676,944K
= 19.38%
The pretax margin of MGE Energy Inc has shown some fluctuations over the past five years, ranging from 18.11% to 21.07%. The company's pretax margin was highest at 21.07% on December 31, 2023, indicating that for every dollar of revenue generated, the company was able to retain 21.07 cents before accounting for taxes and other expenses. However, there was a slight decrease in pretax margin to 19.38% on December 31, 2024. Overall, MGE Energy Inc has maintained a relatively healthy pretax margin, which suggests efficient cost management and profitability despite some variance in performance over the years.