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.
Peer comparison
Dec 31, 2023