PG&E Corp (PCG)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 2,312,000 | 699,000 | 476,000 | 748,000 | -942,000 |
| Revenue | US$ in thousands | 24,419,000 | 24,428,000 | 21,680,000 | 20,642,000 | 18,469,000 |
| Pretax margin | 9.47% | 2.86% | 2.20% | 3.62% | -5.10% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $2,312,000K ÷ $24,419,000K
= 9.47%
The pretax margin of PG&E Corp has shown fluctuation over the years based on the provided data. In 2020, the company had a negative pretax margin of -5.10%, indicating that its expenses exceeded its revenues before accounting for taxes. However, there was a significant improvement in 2021 with a pretax margin of 3.62%, suggesting that the company was able to control costs and generate more profit before taxes.
In 2022 and 2023, the pretax margin decreased slightly to 2.20% and 2.86% respectively, indicating some challenges in maintaining profitability levels. Nonetheless, in 2024, there was a notable increase in the pretax margin to 9.47%, showing a significant improvement in the company's ability to generate profit before taxes.
Overall, PG&E Corp's pretax margin has experienced variability, with a mix of positive and negative trends over the analyzed period. This may suggest fluctuations in the company's operational efficiency, cost management, and revenue generation strategies.
Peer comparison
Dec 31, 2024