Essential Utilities Inc (WTRG)

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	431,781	432,106	429,176	428,562	450,908	442,546	421,379	415,688	422,000	410,883	418,378	408,769	264,971	242,615	269,788	247,429	211,526	129,659	124,874	138,365
Revenue (ttm)	US$ in thousands	2,053,824	2,279,788	2,303,151	2,315,207	2,288,032	2,118,336	2,045,578	1,993,854	1,878,144	1,816,455	1,803,242	1,790,678	1,462,698	1,214,742	1,109,721	944,145	889,692	869,397	851,908	844,876
Pretax margin		21.02%	18.95%	18.63%	18.51%	19.71%	20.89%	20.60%	20.85%	22.47%	22.62%	23.20%	22.83%	18.12%	19.97%	24.31%	26.21%	23.78%	14.91%	14.66%	16.38%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $431,781K ÷ $2,053,824K
= 21.02%

Essential Utilities Inc's pretax margin has shown some variability over the past eight quarters, ranging from 18.51% to 21.02%. The trend indicates relatively stable performance, with the pretax margin fluctuating within a narrow range. Overall, the company has maintained an average pretax margin of approximately 20%, reflecting consistent profitability before taxes. It is vital for Essential Utilities Inc to continue monitoring and managing costs effectively to sustain and potentially improve its pretax margin in the future.