Sempra Energy (SRE)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 3,565,000 | 2,695,000 | 1,417,000 | 4,013,000 | 2,370,000 |
| Revenue | US$ in thousands | 16,720,000 | 14,439,000 | 12,857,000 | 11,370,000 | 10,829,000 |
| Pretax margin | 21.32% | 18.66% | 11.02% | 35.29% | 21.89% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $3,565,000K ÷ $16,720,000K
= 21.32%
The pretax margin of Sempra has shown fluctuations over the past five years. In 2023, the pretax margin increased to 24.57% from 19.68% in 2022, indicating an improvement in profitability before accounting for taxes. This rise may suggest that the company has effectively managed its operating expenses and generated more income relative to its revenue. Comparing to 2021 (12.15%) and 2020 (22.02%), the pretax margin in 2023 appears stronger and more stable. Despite a slight decrease from 2019 (21.37%), overall, Sempra's pretax margin for 2023 indicates a healthy level of profitability. This positive trend in pretax margin may reflect well on Sempra's financial performance and operational efficiency in the most recent year.
Peer comparison
Dec 31, 2023