Essential Utilities Inc (WTRG)
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 | 573,478 | 431,781 | 450,908 | 422,000 | 264,971 |
| Revenue | US$ in thousands | 2,086,110 | 2,053,820 | 2,288,030 | 1,878,140 | 1,462,700 |
| Pretax margin | 27.49% | 21.02% | 19.71% | 22.47% | 18.12% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $573,478K ÷ $2,086,110K
= 27.49%
The pretax margin of Essential Utilities Inc has shown a positive trend over the past five years, improving from 18.12% as of December 31, 2020, to 27.49% as of December 31, 2024. This indicates the company's ability to effectively control costs and manage its operating expenses relative to its pre-tax income. The increase in pretax margin signifies improved operational efficiency and profitability, reflecting positively on Essential Utilities Inc's overall financial health and performance. The company's management may have implemented strategies to enhance profitability and streamline operations, which have translated into higher pre-tax margins over the period under review.
Peer comparison
Dec 31, 2024