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
Company name
Symbol
Pretax margin
PPL Corporation
PPL
11.12%
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%