Williams Companies Inc (WMB)
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 | 4,184,000 | 2,474,000 | 2,028,000 | 290,000 | 1,185,000 |
| Revenue | US$ in thousands | 10,907,000 | 10,965,000 | 10,627,000 | 7,719,000 | 8,201,000 |
| Pretax margin | 38.36% | 22.56% | 19.08% | 3.76% | 14.45% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $4,184,000K ÷ $10,907,000K
= 38.36%
The pretax margin of Williams Cos Inc has shown significant variability over the past five years, ranging from a low of 3.59% in 2020 to a high of 40.39% in 2023. The company's pretax margin has demonstrated an increasing trend overall, with a notable improvement from 2019 to 2020. This positive trend continued in subsequent years, indicating that the company has been able to efficiently manage its operating expenses and generate higher earnings before taxes relative to its revenue. The substantial increase in pretax margin in 2023 suggests that Williams Cos Inc has been successful in improving its profitability and operational efficiency. Overall, the upward trajectory of the pretax margin reflects favorably on the company's financial performance and management strategies.
Peer comparison
Dec 31, 2023