Public Service Enterprise Group Inc (PEG)
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 | 1,825,000 | 3,081,000 | 1,002,000 | -1,089,000 | 2,301,000 |
| Revenue | US$ in thousands | 10,290,000 | 11,237,000 | 9,800,000 | 9,722,000 | 9,603,000 |
| Pretax margin | 17.74% | 27.42% | 10.22% | -11.20% | 23.96% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,825,000K ÷ $10,290,000K
= 17.74%
Public Service Enterprise Group Inc's pretax margin, which represents the company's efficiency in generating profits before taxes, has fluctuated in recent years.
As of December 31, 2020, the pretax margin stood at a healthy 23.96%, indicating that the company was effectively controlling its operating expenses and generating a strong level of income before taxes.
However, by December 31, 2021, the pretax margin took a significant downturn to -11.20%, suggesting that the company may have faced challenges in managing its costs or experienced a decrease in revenue, leading to a negative margin.
The performance improved in the following years, with the margin reaching 10.22% by December 31, 2022, indicating some recovery in profitability.
By December 31, 2023, the pretax margin rebounded even further to 27.42%, showing a strong improvement in the company's operational efficiency and revenue generation.
As of December 31, 2024, the pretax margin settled at 17.74%, indicating a solid performance but slightly lower compared to the peak in 2023.
Overall, Public Service Enterprise Group Inc's pretax margin has shown variability over the years, with ups and downs reflecting changes in the company's financial performance and efficiency in managing its costs.
Peer comparison
Dec 31, 2024