PPL Corporation (PPL)

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	924,000	1,041,000	968,000	974,000	957,000	895,000	938,000	1,151,000	-977,000	-821,000	-633,000	-613,000	1,783,000	1,664,000	1,811,000	1,952,000	1,929,000	2,221,000	2,176,000	2,308,000
Revenue (ttm)	US$ in thousands	8,312,000	8,571,000	8,662,000	8,535,000	7,902,000	7,097,000	6,475,000	6,067,000	5,783,000	5,669,000	5,557,000	5,532,000	5,474,000	6,057,000	6,590,000	7,130,000	7,769,000	7,754,000	7,693,000	7,738,000
Pretax margin		11.12%	12.15%	11.18%	11.41%	12.11%	12.61%	14.49%	18.97%	-16.89%	-14.48%	-11.39%	-11.08%	32.57%	27.47%	27.48%	27.38%	24.83%	28.64%	28.29%	29.83%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $924,000K ÷ $8,312,000K
= 11.12%

The pretax margin of PPL Corp has shown some fluctuations over the past eight quarters. In Q4 2023, the pretax margin was 11.12%, which was lower than the previous quarter's margin of 11.66%. This downward trend contrasts with the gradual decrease observed since a peak of 14.64% in Q3 2022. However, the pretax margin remains relatively stable within the range of 9.99% to 14.64% over the analyzed period. This consistency suggests that the company has been able to maintain a reasonable level of profitability before taxes, despite some minor fluctuations in recent quarters.