WEC Energy Group Inc (WEC)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,746,300 | 1,472,200 | 1,578,000 | 1,664,900 | 1,536,300 | 1,607,400 | 1,606,500 | 1,619,200 | 1,732,600 | 1,665,700 | 1,630,100 | 1,608,700 | 1,498,800 | 1,531,300 | 1,505,800 | 1,471,900 | 1,429,300 | 1,430,200 | 1,361,800 | 1,316,900 |
| Revenue (ttm) | US$ in thousands | 8,599,900 | 8,533,200 | 8,627,100 | 8,685,100 | 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 |
| Pretax margin | 20.31% | 17.25% | 18.29% | 19.17% | 17.28% | 17.41% | 17.31% | 16.91% | 18.05% | 18.03% | 18.14% | 18.85% | 18.02% | 19.03% | 18.94% | 18.81% | 19.74% | 19.71% | 18.88% | 18.15% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,746,300K ÷ $8,599,900K
= 20.31%
The pretax margin of WEC Energy Group Inc has demonstrated some fluctuations over the period from March 31, 2020, to December 31, 2024. The pretax margin ranged between 16.91% to 20.31% during this period.
The pretax margin reached its peak of 20.31% on December 31, 2024, showcasing strong profitability before experiencing a significant decline in the following quarter. The highest levels of profitability suggest effective cost management strategies and revenue generation during that specific quarter.
On the other hand, the pretax margin hit its lowest point of 16.91% on March 31, 2023, indicating a possible decrease in profitability due to higher expenses relative to revenues during that particular quarter.
Overall, the pretax margin fluctuations suggest that WEC Energy Group Inc might be experiencing periodic shifts in operational efficiency and profitability, which could be influenced by factors such as cost control measures, revenue fluctuations, and economic conditions. Further analysis would be required to pinpoint the specific drivers behind these variations and their implications for the company's financial performance.
Peer comparison
Dec 31, 2024