PNM Resources Inc (PNM)
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 | 71,996 | 196,188 | 228,939 | 193,411 | 52,080 |
| Revenue | US$ in thousands | 1,939,200 | 2,249,560 | 1,779,870 | 1,523,010 | 1,457,600 |
| Pretax margin | 3.71% | 8.72% | 12.86% | 12.70% | 3.57% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $71,996K ÷ $1,939,200K
= 3.71%
The pretax margin of PNM Resources Inc has fluctuated over the past five years. It decreased from 13.73% in 2021 to 4.67% in 2023. This decline may indicate a decrease in the company's profitability before accounting for taxes in the most recent year. However, it is important to conduct further analysis to understand the factors contributing to this change, such as changes in revenue, expenses, or other operating activities. Additionally, comparing the pretax margin to industry benchmarks or competitors' performance can provide valuable insights into PNM Resources Inc's financial health and competitive position.
Peer comparison
Dec 31, 2023