PG&E Corp (PCG)
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 | 2,312,000 | 2,318,000 | 1,780,000 | 1,249,000 | 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 |
| Revenue (ttm) | US$ in thousands | 24,419,000 | 24,829,000 | 24,776,000 | 24,080,000 | 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 |
| Pretax margin | 9.47% | 9.34% | 7.18% | 5.19% | 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% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,312,000K ÷ $24,419,000K
= 9.47%
The pretax margin of PG&E Corp has shown a significant improvement over the past few quarters. Starting from a considerable negative margin in March 2020, the company managed to reduce its losses gradually and eventually achieve positive pretax margins by June 2021. The margins continued to improve, reaching a peak of 9.47% by December 2024. This positive trend indicates that PG&E Corp has been able to control its operating expenses and generate higher operating income relative to its total revenue, reflecting better cost management and operational efficiency during the period under review.
Peer comparison
Dec 31, 2024