Northwest Natural Gas Co (NWN)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 126,230 | 115,433 | 106,072 | 97,863 | 74,377 |
| Revenue | US$ in thousands | 1,197,480 | 1,037,350 | 860,400 | 773,679 | 746,372 |
| Pretax margin | 10.54% | 11.13% | 12.33% | 12.65% | 9.97% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $126,230K ÷ $1,197,480K
= 10.54%
The pretax margin of Northwest Natural Holding Co has shown some fluctuations over the past five years. The trend indicates a general decrease in the pretax margin from 12.33% in 2021 to 10.54% in 2023. This decline suggests a potential decrease in the company's profitability before considering taxes and other expenses. While the pretax margin was relatively stable between 2019 and 2021, the recent decrease in 2023 may warrant further investigation into the company's cost structure, revenue generation, and overall financial performance. It is essential for stakeholders to closely monitor this trend to assess the company's efficiency in generating profits before tax implications.
Peer comparison
Dec 31, 2023