WEC Energy Group Inc (WEC)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,746,300 | 1,536,300 | 1,732,600 | 1,498,800 | 1,429,300 |
| Revenue | US$ in thousands | 8,599,900 | 8,893,000 | 9,597,400 | 8,316,000 | 7,241,700 |
| Pretax margin | 20.31% | 17.28% | 18.05% | 18.02% | 19.74% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,746,300K ÷ $8,599,900K
= 20.31%
The pretax margin of WEC Energy Group Inc, which represents the company's profitability before taxes as a percentage of its total revenue, has shown some fluctuations over the past five years.
As of December 31, 2020, the pretax margin was 19.74%, indicating that the company was able to generate a profit of approximately 19.74 cents for every dollar of revenue before accounting for taxes. By December 31, 2021, the pretax margin declined to 18.02%, suggesting a slight decrease in profitability.
In the following years, the pretax margin remained relatively stable, with values of 18.05% on December 31, 2022, and 17.28% on December 31, 2023. This downward trend may indicate potential challenges or inefficiencies impacting the company's profitability during those periods.
However, by December 31, 2024, the pretax margin rebounded to 20.31%, showing an improvement and suggesting that the company may have implemented strategies to enhance its profitability. Overall, the fluctuation in the pretax margin of WEC Energy Group Inc over the five-year period highlights the importance of closely monitoring and managing profitability metrics to sustain long-term financial health.
Peer comparison
Dec 31, 2024