SJW Group Common Stock (SJW)

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	102,937	99,708	99,911	92,265	90,943	108,502	92,976	90,128	82,324	65,216	61,776	71,931	68,847	60,056	68,910	68,760	69,895	51,623	32,995	27,018
Revenue (ttm)	US$ in thousands	748,439	721,957	701,737	682,449	670,363	670,399	641,537	633,692	620,698	589,061	580,003	583,203	573,686	569,649	568,589	563,557	564,526	554,664	502,798	458,554
Pretax margin		13.75%	13.81%	14.24%	13.52%	13.57%	16.18%	14.49%	14.22%	13.26%	11.07%	10.65%	12.33%	12.00%	10.54%	12.12%	12.20%	12.38%	9.31%	6.56%	5.89%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $102,937K ÷ $748,439K
= 13.75%

The pretax margin of SJW Group Common Stock has shown variability over the analyzed periods, with fluctuations ranging from 5.89% to 16.18%. Despite some fluctuations, the pretax margin generally increased from March 31, 2020, to March 31, 2023, indicating improving profitability before taxes. However, there was a slight dip in the pretax margin in the subsequent quarters up to December 31, 2024. The highest pretax margin of 16.18% was recorded on September 30, 2023, while the lowest was 5.89% on March 31, 2020. Overall, the company experienced periods of both growth and retraction in pretax margin during the analyzed timeframe.