Public Service Enterprise Group Inc (PEG)

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	3,081,000	3,397,000	3,387,000	2,741,000	1,002,000	630,000	-1,671,000	-2,008,000	-1,089,000	-1,167,000	1,775,000	2,574,000	2,301,000	2,283,000	2,020,000	1,593,000	1,950,000	1,615,000	1,711,000	1,944,000
Revenue (ttm)	US$ in thousands	11,237,000	11,771,000	11,587,000	11,242,000	9,800,000	9,717,000	9,348,000	9,146,000	9,722,000	9,068,000	9,535,000	9,711,000	9,603,000	9,679,000	9,611,000	9,877,000	10,076,000	10,066,000	10,158,000	9,858,000
Pretax margin		27.42%	28.86%	29.23%	24.38%	10.22%	6.48%	-17.88%	-21.95%	-11.20%	-12.87%	18.62%	26.51%	23.96%	23.59%	21.02%	16.13%	19.35%	16.04%	16.84%	19.72%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,081,000K ÷ $11,237,000K
= 27.42%

The pretax margin of Public Service Enterprise Group Inc. has shown a generally positive trend in recent quarters. It increased from 10.22% in Q4 2022 to 27.42% in Q4 2023, indicating improved profitability before taxes over this period. However, there was a slight decline in Q1 2023 to 24.38%, which could be a point for further investigation to understand the underlying reasons. Overall, the company has demonstrated a significant improvement in pretax margin compared to the negative figures seen in Q2 and Q1 2022. This suggests that Public Service Enterprise Group Inc. has been successful in managing its expenses and generating profits before accounting for taxes.