PPL Corporation (PPL)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,116,000 | 1,027,000 | 1,043,000 | 948,000 | 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 |
| Revenue (ttm) | US$ in thousands | 8,462,000 | 8,282,000 | 8,259,000 | 8,201,000 | 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 |
| Pretax margin | 13.19% | 12.40% | 12.63% | 11.56% | 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% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,116,000K ÷ $8,462,000K
= 13.19%
Pretax margin is a financial ratio that indicates a company's profitability before taxes are taken into account. Looking at PPL Corporation's pretax margin over multiple quarters, we can see fluctuations in the company's profitability.
From March 2020 to December 2020, PPL Corporation's pretax margin showed a steady increase, reaching a peak of 32.57% in December 2020. However, starting in March 2021, the pretax margin turned negative and continued to decline through the third quarter of 2021. This period of negative pretax margin indicates that the company's expenses and/or taxes were exceeding its operating income.
Subsequently, from March 2022 to December 2024, PPL Corporation managed to bring its pretax margin back into positive territory, albeit with fluctuations. The pretax margin ranged between 11.12% and 13.19% during this period, showing some level of stability in the company's profitability before taxes.
Overall, PPL Corporation's pretax margin has shown a mix of positive and negative trends over the analyzed periods, highlighting the company's ability to adapt to changing market conditions and manage its profitability effectively.
Peer comparison
Dec 31, 2024