UNITIL Corporation (UTL)

Pretax margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	58,400	57,000	62,600	62,700	59,200	59,600	52,700	51,100	47,600	46,500	47,500	47,900	42,400	39,400	41,900	43,200	58,000	57,400	57,400	55,700
Revenue (ttm)	US$ in thousands	1,079,300	1,149,700	1,162,300	1,153,300	1,098,100	1,055,800	1,031,600	1,027,000	919,400	874,400	853,000	827,600	810,800	809,600	805,400	806,400	862,300	879,700	884,400	883,500
Pretax margin		5.41%	4.96%	5.39%	5.44%	5.39%	5.65%	5.11%	4.98%	5.18%	5.32%	5.57%	5.79%	5.23%	4.87%	5.20%	5.36%	6.73%	6.52%	6.49%	6.30%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $58,400K ÷ $1,079,300K
= 5.41%

Unitil Corp.'s pretax margin has shown variability over the past eight quarters, ranging from a low of 7.05% in Q3 2022 to a high of 10.48% in Q4 2023. The pretax margin measures the company's efficiency in generating profits before accounting for taxes, with a higher percentage indicating better profitability relative to revenues.

In general, Unitil Corp.'s pretax margin has demonstrated a positive trend, with most quarters showing percentages above 9%. This suggests that the company has been successful in managing its operational expenses and generating profits. Investors and stakeholders may view this trend positively as it indicates consistent profitability levels across different quarters.

It is important for Unitil Corp. to continue monitoring and improving its pretax margin to ensure sustained profitability and efficiency in its operations. This could involve cost-control measures, revenue optimization strategies, and overall operational efficiency enhancements.