PG&E Corp (PCG)

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	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	699,000	42,000	469,000	426,000	476,000	986,000	661,000	997,000	748,000	602,000	542,000	-1,255,000	-942,000	-6,195,000	-8,517,000	-10,756,000	-11,042,000	-15,595,000	-12,668,000	-10,573,000
Revenue (ttm)	US$ in thousands	24,428,000	22,757,000	22,263,000	22,091,000	21,680,000	21,556,000	21,627,000	21,724,000	20,642,000	20,988,000	20,014,000	19,133,000	18,469,000	17,835,000	17,724,000	17,273,000	17,129,000	16,259,000	16,260,000	16,611,000
Pretax margin		2.86%	0.18%	2.11%	1.93%	2.20%	4.57%	3.06%	4.59%	3.62%	2.87%	2.71%	-6.56%	-5.10%	-34.74%	-48.05%	-62.27%	-64.46%	-95.92%	-77.91%	-63.65%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $699,000K ÷ $24,428,000K
= 2.86%

PG&E Corp.'s pretax margin has displayed fluctuations over the last eight quarters, ranging from a low of 0.18% in Q3 2023 to a high of 4.59% in Q1 2022. The pretax margin measures the company's efficiency in managing expenses relative to its revenue before accounting for taxes. A higher pretax margin indicates better cost management and operational efficiency. The downward trend in pretax margin from Q1 2022 to Q3 2023 may suggest challenges in controlling costs or generating consistent revenue streams. Further analysis of PG&E Corp.'s income statement and cost structure could provide insights into the factors impacting its pretax margin performance.