Nextera Energy Inc (NEE)
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 | 8,315,000 | 8,788,000 | 9,634,000 | 8,016,000 | 4,734,000 | 4,351,000 | 2,752,000 | 1,194,000 | 3,920,000 | 2,412,000 | 3,350,000 | 4,694,000 | 2,964,000 | 4,171,000 | 3,750,000 | 3,648,000 | 4,216,000 | 3,445,000 | 3,638,000 | 3,287,000 |
| Revenue (ttm) | US$ in thousands | 24,781,000 | 24,918,000 | 24,118,000 | 23,718,000 | 23,036,000 | 22,192,000 | 21,192,000 | 19,992,000 | 19,023,000 | 18,232,000 | 17,732,000 | 17,132,000 | 17,020,000 | 17,353,000 | 17,353,000 | 17,753,000 | 17,619,000 | 17,792,000 | 17,010,000 | 16,034,000 |
| Pretax margin | 33.55% | 35.27% | 39.95% | 33.80% | 20.55% | 19.61% | 12.99% | 5.97% | 20.61% | 13.23% | 18.89% | 27.40% | 17.41% | 24.04% | 21.61% | 20.55% | 23.93% | 19.36% | 21.39% | 20.50% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $8,315,000K ÷ $24,781,000K
= 33.55%
NextEra Energy Inc's pretax margin has shown variability over the past eight quarters. The pretax margin is a measure of a company's operating efficiency and profitability before accounting for taxes.
In Q4 2023, the pretax margin was 25.92%, a decrease from the previous quarter's 28.47%. Despite the decline, the pretax margin remained relatively strong compared to earlier periods. The downward trend from the 32.32% reported in Q2 2023 may indicate changing operating conditions or cost structures.
Comparing the Q4 2023 pretax margin to Q4 2022's 18.29%, there has been a notable improvement in profitability over the year. The company has shown a consistent increase in pretax margin since Q2 2022, where it stood at 10.58%.
Overall, NextEra Energy Inc's pretax margin has demonstrated positive growth and an improving trend in recent quarters, with occasional fluctuations. It will be important to continue monitoring this metric to assess the company's operational efficiency and profitability going forward.
Peer comparison
Dec 31, 2023