NRG Energy Inc. (NRG)

Pretax margin

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 1,448,000 1,386,000 2,808,000 2,153,000 -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 1,019,000 1,058,000 832,000
Revenue (ttm) US$ in thousands 28,183,000 28,088,000 28,811,000 28,510,000 28,740,000 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
Pretax margin 5.14% 4.93% 9.75% 7.55% -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% 11.00% 11.20% 8.60%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,448,000K ÷ $28,183,000K
= 5.14%

The pretax margin of NRG Energy Inc. has shown fluctuations over the past few years. It started at 8.60% on March 31, 2020, increased to a peak of 19.90% on March 31, 2022, then decreased to 5.14% by December 31, 2024. Despite the variability, the company managed to maintain positive pretax margins throughout the period, with some quarters experiencing negative margins, such as -7.38% on March 31, 2023. Overall, NRG Energy Inc. displayed a mix of growth and contraction in its profitability before stabilizing around 5-10% pretax margin in recent quarters.