Otter Tail Corporation (OTTR)
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 | 363,489 | 357,535 | 212,821 | 116,057 | 104,288 |
| Revenue | US$ in thousands | 1,353,480 | 1,469,480 | 1,197,640 | 883,171 | 919,503 |
| Pretax margin | 26.86% | 24.33% | 17.77% | 13.14% | 11.34% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $363,489K ÷ $1,353,480K
= 26.86%
Otter Tail Corporation's pretax margin has shown a consistent upward trend over the past five years. The pretax margin has increased from 11.34% in 2019 to 26.94% in 2023, indicating an improvement in the company's ability to generate profit before considering taxes. This steady growth suggests that Otter Tail Corporation has been effective in managing its operating expenses and increasing revenue relative to its pre-tax income. The company's pretax margin outperformed the industry average and demonstrates a strong financial performance. It reflects positively on the company's operational efficiency and profitability, signaling potential financial health and sustainability in the long term.
Peer comparison
Dec 31, 2023