WEC Energy Group Inc (WEC)

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	1,537,500	1,732,200	1,501,800	1,429,000	1,260,200
Revenue	US$ in thousands	8,893,000	9,597,400	8,316,000	7,241,700	7,523,100
Pretax margin		17.29%	18.05%	18.06%	19.73%	16.75%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $1,537,500K ÷ $8,893,000K
= 17.29%

The pretax margin of WEC Energy Group Inc has exhibited some fluctuation over the past five years. It decreased from 16.74% in 2019 to 18.02% in 2021 before slightly ticking up to 18.05% in 2022. However, by the end of 2023, the pretax margin had declined to 17.28%. This trend indicates that the company's profitability before taxes has experienced some variability in recent years, with a general downward trend in the most recent period. Further analysis would be needed to determine the specific factors contributing to these changes and their implications for the company's financial performance.