OGE Energy Corporation (OGE)
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 | 473,000 | 789,300 | 878,500 | -301,100 | 463,400 |
| Revenue | US$ in thousands | 2,674,300 | 3,375,700 | 3,653,700 | 2,122,300 | 2,231,600 |
| Pretax margin | 17.69% | 23.38% | 24.04% | -14.19% | 20.77% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $473,000K ÷ $2,674,300K
= 17.69%
The pretax margin of Oge Energy Corp. has displayed fluctuations over the past five years. In 2023, the pretax margin stands at 17.69%, indicating that the company retained 17.69% of its revenue after accounting for all operating expenses but before paying taxes. This represents a decrease from the previous year's 23.38% pretax margin.
Compared to 2021, where the pretax margin was 24.04%, there has been a noticeable decline in profitability in 2023. It is worth noting that in 2020, Oge Energy Corp. experienced a negative pretax margin of -14.19%, signaling that the company's expenses exceeded its revenues before tax considerations. However, the company rebounded in 2019 with a pretax margin of 20.77%.
Overall, the trend in Oge Energy Corp.'s pretax margin suggests variability in profitability performance in recent years, with a significant improvement needed to reach the levels seen in 2021 and 2019. Further analysis of the company's financial and operational strategies may provide insights into the factors driving these fluctuations.
Peer comparison
Dec 31, 2023