Public Service Enterprise Group Inc (PEG)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 3,081,000 | 1,002,000 | -1,089,000 | 2,301,000 | 1,950,000 |
| Revenue | US$ in thousands | 11,237,000 | 9,800,000 | 9,722,000 | 9,603,000 | 10,076,000 |
| Pretax margin | 27.42% | 10.22% | -11.20% | 23.96% | 19.35% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $3,081,000K ÷ $11,237,000K
= 27.42%
Public Service Enterprise Group Inc.'s pretax margin has shown varying trends in recent years. In 2023, the pretax margin increased significantly to 27.42%, reflecting improved profitability before accounting for taxes compared to the previous year. This could indicate effective cost management or increased revenue generation.
In 2022, the pretax margin was 10.22%, suggesting a lower profitability level compared to the other years. However, it rebounded from a negative pretax margin of -11.20% in 2021, indicating potential financial challenges or one-time expenses affecting the company's performance.
The pretax margin was relatively strong in 2020 at 23.96%, indicating solid profitability before taxes. This was a positive improvement from the 19.35% pretax margin in 2019.
Overall, while the pretax margin has shown fluctuations over the years, the recent significant increase in 2023 is a positive sign of improved profitability for Public Service Enterprise Group Inc.
Peer comparison
Dec 31, 2023