Xcel Energy Inc (XEL)

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	1,625,000	1,585,000	1,582,000	1,636,000	1,601,000	1,512,000	1,471,000	1,490,000	1,500,000	1,523,000	1,517,000	1,518,000	1,467,000	1,508,000	1,461,000	1,449,000	1,500,000	1,409,000	1,374,000	1,431,000
Revenue (ttm)	US$ in thousands	14,206,000	14,817,000	15,237,000	15,639,000	15,310,000	14,612,000	13,997,000	13,641,000	13,431,000	13,023,000	12,738,000	12,256,000	11,526,000	11,377,000	11,208,000	11,199,000	11,529,000	11,611,000	11,646,000	11,727,000
Pretax margin		11.44%	10.70%	10.38%	10.46%	10.46%	10.35%	10.51%	10.92%	11.17%	11.69%	11.91%	12.39%	12.73%	13.25%	13.04%	12.94%	13.01%	12.14%	11.80%	12.20%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,625,000K ÷ $14,206,000K
= 11.44%

The pretax margin of Xcel Energy, Inc. has shown relative stability over the past eight quarters, ranging from 10.38% to 11.44%. This indicates that the company has been effectively managing its expenses and generating consistent levels of pre-tax profit compared to its revenue.

In the most recent quarter (Q4 2023), the pretax margin was at 11.44%, showing a slight improvement compared to the previous quarters. This could suggest that Xcel Energy is effectively controlling its operating costs and maximizing its earnings before taxes.

Overall, the pretax margin trend of Xcel Energy, Inc. reflects a company that is able to maintain a healthy level of profitability in relation to its revenue, which is a positive sign for investors and stakeholders.