Northwest Natural Gas Co (NWN)

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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	126,230	130,757	136,391	137,089	115,433	105,819	104,382	101,196	106,072	117,292	121,799	116,276	97,863	76,251	75,882	84,126	74,377	78,776
Revenue (ttm)	US$ in thousands	1,197,475	1,217,014	1,192,374	1,149,475	1,037,353	956,190	940,798	894,755	860,400	826,583	818,420	804,474	773,679	760,680	757,713	746,185	746,382	725,810
Pretax margin		10.54%	10.74%	11.44%	11.93%	11.13%	11.07%	11.10%	11.31%	12.33%	14.19%	14.88%	14.45%	12.65%	10.02%	10.01%	11.27%	9.97%	10.85%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $126,230K ÷ $1,197,475K
= 10.54%

Northwest Natural Holding Co's pretax margin has shown relatively stable performance over the past eight quarters, ranging from 10.54% to 11.93%. The company's ability to generate profits before taxes has been consistent, with the margin fluctuating within a narrow band. This indicates that Northwest Natural Holding Co has effectively managed its operating expenses and cost structure to maintain profitability levels. The trend also suggests a certain level of efficiency in revenue generation and cost control measures. However, a closer examination may be warranted to assess the underlying factors influencing the pretax margin and to identify potential areas for improvement.