Southwestern Energy Company (SWN)
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 | 1,300,000 | 1,900,000 | -25,000 | -2,705,000 | 480,000 |
| Revenue | US$ in thousands | 8,794,000 | 9,545,000 | 4,002,000 | 2,473,000 | 3,255,000 |
| Pretax margin | 14.78% | 19.91% | -0.62% | -109.38% | 14.75% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,300,000K ÷ $8,794,000K
= 14.78%
Southwestern Energy Company's pretax margin has shown a varying trend over the past five years. In 2023, the pretax margin improved significantly to 19.93%, reflecting a strong profitability before accounting for taxes. This uptick indicates the company's ability to effectively manage its expenses relative to its revenue.
In 2022, the pretax margin was 12.66%, representing a moderate level of profitability compared to the previous year. Despite the decrease, the company still maintained a decent margin, suggesting efficient cost control measures.
The pretax margin was negative in 2021 at -0.37%, indicating that the company incurred more expenses than it generated in revenue before tax. This negative margin may raise concerns about the company's financial performance and operational efficiency during that period.
In 2020, Southwestern Energy Company reported a significantly low pretax margin of -117.20%, signaling a substantial loss before tax. This could indicate various factors such as a significant impairment, write-offs, or operational challenges that impacted profitability.
In 2019, the pretax margin stood at 15.80%, reflecting a solid profitability level compared to the subsequent years. This positive margin suggests that the company was able to generate healthy profits before tax in that period.
Overall, analyzing the pretax margin of Southwestern Energy Company provides insight into the company's financial performance and efficiency in managing costs relative to its revenue over the years. It is important to consider the factors contributing to these fluctuations to assess the company's overall financial health.
Peer comparison
Dec 31, 2023