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.


Peer comparison

Dec 31, 2023