Otter Tail Corporation (OTTR)

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	366,892	372,861	385,406	379,850	363,489	343,730	333,781	343,687	357,535	370,611	328,437	266,877	212,822	170,864	151,317	121,729	116,057	119,612	104,262	102,242
Revenue (ttm)	US$ in thousands	1,329,974	1,345,648	1,367,062	1,362,714	1,355,764	1,347,816	1,372,872	1,434,862	1,469,475	1,492,823	1,425,261	1,310,829	1,197,635	1,083,525	1,002,986	910,134	883,171	878,934	871,831	908,278
Pretax margin		27.59%	27.71%	28.19%	27.87%	26.81%	25.50%	24.31%	23.95%	24.33%	24.83%	23.04%	20.36%	17.77%	15.77%	15.09%	13.37%	13.14%	13.61%	11.96%	11.26%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $366,892K ÷ $1,329,974K
= 27.59%

Otter Tail Corporation's pretax margin has shown a consistent upward trend over the period from March 31, 2020, to December 31, 2024. The pretax margin started at 11.26% in March 2020 and improved gradually, reaching 27.59% by December 2024. This indicates that the company has been effectively managing its operating expenses and maximizing its revenue generation relative to its pre-tax income. The increasing pretax margin signifies improved profitability in the business operations of Otter Tail Corporation over the analyzed period. Additionally, the company's ability to sustain and enhance its pretax margin reflects its efficiency in controlling costs and generating profit before taxes, which may be indicative of strong financial management and strategic decision-making.