Southwest Gas Holdings Inc (SWX)
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 | 192,721 | -278,943 | 240,427 | 298,077 | 269,959 |
| Revenue | US$ in thousands | 5,433,970 | 4,960,010 | 3,680,450 | 3,298,870 | 3,119,920 |
| Pretax margin | 3.55% | -5.62% | 6.53% | 9.04% | 8.65% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $192,721K ÷ $5,433,970K
= 3.55%
The pretax margin of Southwest Gas Holdings Inc has varied over the past five years. In 2023, the pretax margin improved to 3.63% from the negative figure of -5.51% in 2022. This indicates a positive shift in the company's profitability before accounting for taxes. Despite the improvement in 2023, the pretax margin was lower compared to 2021 and 2020 when it stood at 6.71% and 9.24% respectively. Additionally, the pretax margin in 2019 was slightly higher at 8.74% compared to 2023. This trend suggests fluctuations in the company's profitability performance over the years, influenced by factors impacting its operating income and tax obligations. Further analysis of the company's financial statements and operations could provide insights into the reasons behind these fluctuations in pretax margin.
Peer comparison
Dec 31, 2023