WEC Energy Group Inc (WEC)

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	1,537,500	1,609,100	1,608,100	1,620,800	1,732,200	1,665,200	1,630,600	1,609,800	1,501,800	1,664,500	1,637,400	1,602,700	1,560,200	1,549,100	1,481,000	1,436,500	1,379,100	1,285,700	1,290,300	1,321,500
Revenue (ttm)	US$ in thousands	8,893,000	9,233,900	9,279,500	9,577,400	9,597,400	9,240,900	8,984,400	8,532,700	8,316,000	8,047,500	7,952,000	7,824,500	7,241,700	7,255,800	7,212,800	7,254,300	7,523,100	7,652,400	7,688,100	7,770,400
Pretax margin		17.29%	17.43%	17.33%	16.92%	18.05%	18.02%	18.15%	18.87%	18.06%	20.68%	20.59%	20.48%	21.54%	21.35%	20.53%	19.80%	18.33%	16.80%	16.78%	17.01%

December 31, 2023 calculation

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

The pretax margin of WEC Energy Group Inc has been relatively stable over the past eight quarters, ranging from 16.91% to 18.85%. The highest pretax margin was recorded in Q1 2022 at 18.85%, while the lowest was in Q1 2023 at 16.91%. Overall, the company has maintained a healthy pretax margin above 16% for the period under review, indicating efficient cost management and effective revenue generation strategies. It is important to monitor any trends or deviations in the pretax margin to assess the company's profitability and operational efficiency in the future.