PPL Corporation (PPL)
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 | 924,000 | 957,000 | -977,000 | 1,783,000 | 1,929,000 |
| Revenue | US$ in thousands | 8,312,000 | 7,902,000 | 5,783,000 | 5,474,000 | 5,602,000 |
| Pretax margin | 11.12% | 12.11% | -16.89% | 32.57% | 34.43% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $924,000K ÷ $8,312,000K
= 11.12%
The pretax margin of PPL Corp has shown some fluctuation over the past five years. The pretax margin was 11.12% in 2023, slightly below the 11.58% reported in 2022. However, there was a notable improvement from the margin of 9.01% in 2021. The margin in both 2020 and 2019 was significantly higher at 25.91% and 27.74% respectively.
The trend indicates that PPL Corp's profitability before taxes has varied over the years, with a peak in 2019 and 2020, followed by a decline in 2021 and a subsequent recovery in 2022 and 2023. Additional analysis of the company's financial performance and factors influencing its pretax margin would be required to determine the reasons behind these fluctuations.
Peer comparison
Dec 31, 2023