NRG Energy Inc. (NRG)
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 | -213,000 | -2,258,000 | -2,583,000 | -2,315,000 | 1,663,000 | 2,460,000 | 4,540,000 | 5,333,000 | 2,859,000 | 3,316,000 | 1,494,000 | 450,000 | 761,000 | 939,000 | 976,000 | 762,000 | 1,104,000 | 1,040,000 | 598,000 | 475,000 |
| Revenue (ttm) | US$ in thousands | 28,823,000 | 29,871,000 | 30,435,000 | 31,369,000 | 31,543,000 | 30,734,000 | 28,833,000 | 26,794,000 | 26,989,000 | 21,970,000 | 18,170,000 | 15,165,000 | 9,093,000 | 9,261,000 | 9,448,000 | 9,675,000 | 9,821,000 | 9,618,000 | 9,582,000 | 9,578,000 |
| Pretax margin | -0.74% | -7.56% | -8.49% | -7.38% | 5.27% | 8.00% | 15.75% | 19.90% | 10.59% | 15.09% | 8.22% | 2.97% | 8.37% | 10.14% | 10.33% | 7.88% | 11.24% | 10.81% | 6.24% | 4.96% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-213,000K ÷ $28,823,000K
= -0.74%
The pretax margin of NRG Energy Inc. has exhibited fluctuations over the past eight quarters. In the most recent quarter, Q4 2023, the company reported a pretax margin of -0.74%, representing a slight improvement from the previous quarter but remaining in negative territory. This negative pretax margin indicates that the company's pre-tax profitability was below break-even for that period.
Comparing to the same quarter of the previous year, Q4 2022, when the pretax margin was 5.27%, NRG Energy Inc. experienced a significant decline in profitability. The trend continued from Q4 2022 through Q2 2023, with deteriorating pretax margins. However, in Q1 2023, there was a slight improvement in the pretax margin, rebounding from the low point in Q2 2023.
Overall, the pretax margins for NRG Energy Inc. have been volatile, experiencing both positive and negative values. It would be essential to closely monitor future financial performance to assess the company's ability to sustain profitability and manage costs effectively.
Peer comparison
Dec 31, 2023