Sempra Energy (SRE)
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 | 3,081,000 | 2,862,000 | 2,998,000 | 3,193,000 | 3,565,000 | 3,396,000 | 3,233,000 | 3,094,000 | 2,695,000 | 2,884,000 | 1,388,000 | 1,321,000 | 1,417,000 | 1,261,000 | 2,690,000 | 4,513,000 | 4,013,000 | 4,022,000 | 4,446,000 | 2,440,000 |
| Revenue (ttm) | US$ in thousands | 13,185,000 | 12,918,000 | 13,476,000 | 13,800,000 | 16,720,000 | 16,684,000 | 16,967,000 | 17,179,000 | 14,439,000 | 14,828,000 | 14,224,000 | 13,418,000 | 12,857,000 | 12,184,000 | 11,815,000 | 11,600,000 | 11,370,000 | 11,142,000 | 11,256,000 | 10,960,000 |
| Pretax margin | 23.37% | 22.16% | 22.25% | 23.14% | 21.32% | 20.35% | 19.05% | 18.01% | 18.66% | 19.45% | 9.76% | 9.84% | 11.02% | 10.35% | 22.77% | 38.91% | 35.29% | 36.10% | 39.50% | 22.26% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,081,000K ÷ $13,185,000K
= 23.37%
The pretax margin of Sempra Energy has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The pretax margin started at 22.26% in March 2020, increased significantly to 39.50% by June 2020, and remained relatively high around the mid-30% range until March 2021.
However, there was a notable drop in pretax margin to 22.77% by June 2021, followed by a further decline to 10.35% by September 2021. This significant decrease in pretax margin indicates a potential decrease in profitability relative to revenue during this period.
Subsequently, there was a slight increase in pretax margin to around 19-20% by the end of 2022 and the first half of 2023. The pretax margin then continued to show a gradual upward trend, reaching 23.37% by December 31, 2024. This improvement suggests a recovery in profitability and efficiency in managing operating costs and generating earnings before taxes.
Overall, the pretax margin of Sempra Energy has experienced both highs and lows throughout the analyzed period, indicating fluctuations in profitability and operational efficiency. It is essential for the company to monitor and manage its cost structure and revenue generation to sustain and improve its pretax margin in the future.
Peer comparison
Dec 31, 2024