Portland General Electric Co (POR)
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 | 273,000 | 272,000 | 267,000 | 155,000 | 241,000 |
| Revenue | US$ in thousands | 2,923,000 | 2,647,000 | 2,396,000 | 2,145,000 | 2,123,000 |
| Pretax margin | 9.34% | 10.28% | 11.14% | 7.23% | 11.35% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $273,000K ÷ $2,923,000K
= 9.34%
The pretax margin of Portland General Electric Co has shown variability over the past five years. The pretax margin decreased from 11.35% in 2019 to 7.23% in 2020, indicating a dip in profitability before rebounding to 11.14% in 2021. However, the margin declined slightly to 10.28% in 2022 and further decreased to 9.34% in 2023.
Overall, the declining trend in pretax margin since 2021 suggests potential challenges in managing costs or generating revenue efficiently. It is important for the company to closely monitor and address factors impacting profitability to ensure sustainable financial performance in the future.
Peer comparison
Dec 31, 2023