Portland General Electric Co (POR)
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 | 273,000 | 244,000 | 261,000 | 289,000 | 272,000 | 289,000 | 274,000 | 233,000 | 267,000 | 252,000 | 153,000 | 161,000 | 155,000 | 167,000 | 272,000 | 256,000 | 241,000 | 216,000 | 217,000 | 241,000 |
Revenue (ttm) | US$ in thousands | 2,923,000 | 2,885,000 | 2,826,000 | 2,769,000 | 2,647,000 | 2,568,000 | 2,467,000 | 2,413,000 | 2,396,000 | 2,344,000 | 2,249,000 | 2,181,000 | 2,145,000 | 2,137,000 | 2,132,000 | 2,123,000 | 2,123,000 | 2,099,000 | 2,082,000 | 2,071,000 |
Pretax margin | 9.34% | 8.46% | 9.24% | 10.44% | 10.28% | 11.25% | 11.11% | 9.66% | 11.14% | 10.75% | 6.80% | 7.38% | 7.23% | 7.81% | 12.76% | 12.06% | 11.35% | 10.29% | 10.42% | 11.64% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $273,000K ÷ $2,923,000K
= 9.34%
Portland General Electric Co's pretax margin has shown variability over the past eight quarters, ranging from 8.46% to 11.25%. In Q4 2023, the pretax margin was 9.34%, a slight increase from the previous quarter but lower than the peaks seen in Q3 and Q4 2022. Despite this fluctuation, the company has generally maintained a pretax margin above 9% in recent quarters, indicating reasonable profitability before accounting for taxes. Further analysis and comparison with industry benchmarks may provide additional insights into the company's financial performance and efficiency.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Portland General Electric Co
POR
9.34%
American Electric Power Company Inc
AEP
14.64%
Black Hills Corporation
BKH
12.35%
CenterPoint Energy Inc
CNP
12.50%
Clearway Energy Inc Class C
CWEN
5.86%
Constellation Energy Corp
CEG
9.96%
Dominion Energy Inc
D
18.75%
DTE Energy Company
DTE
12.29%
Edison International
EIX
9.27%
Entergy Corporation
ETR
14.87%
Eversource Energy
ES
-2.26%