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FirstEnergy (FirstEnergy) Pretax Margin % : 12.23% (As of Mar. 2024)


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What is FirstEnergy Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. FirstEnergy's Pre-Tax Income for the three months ended in Mar. 2024 was $402 Mil. FirstEnergy's Revenue for the three months ended in Mar. 2024 was $3,287 Mil. Therefore, FirstEnergy's pretax margin for the quarter that ended in Mar. 2024 was 12.23%.

The historical rank and industry rank for FirstEnergy's Pretax Margin % or its related term are showing as below:

FE' s Pretax Margin % Range Over the Past 10 Years
Min: 1.14   Med: 10.92   Max: 14
Current: 11.38


FE's Pretax Margin % is ranked better than
53.89% of 514 companies
in the Utilities - Regulated industry
Industry Median: 10.275 vs FE: 11.38

FirstEnergy Pretax Margin % Historical Data

The historical data trend for FirstEnergy's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

FirstEnergy Pretax Margin % Chart

FirstEnergy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.12 10.46 14.00 11.55 11.38

FirstEnergy Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.38 10.91 13.48 8.46 12.23

Competitive Comparison of FirstEnergy's Pretax Margin %

For the Utilities - Regulated Electric subindustry, FirstEnergy's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


FirstEnergy's Pretax Margin % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, FirstEnergy's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where FirstEnergy's Pretax Margin % falls into.



FirstEnergy Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

FirstEnergy's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=1464/12870
=11.38 %

FirstEnergy's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=402/3287
=12.23 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


FirstEnergy  (NYSE:FE) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


FirstEnergy Pretax Margin % Related Terms

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FirstEnergy (FirstEnergy) Business Description

Traded in Other Exchanges
Address
76 South Main Street, Akron, OH, USA, 44308
FirstEnergy is an investor-owned holding company with 10 regulated distribution utilities across six mid-Atlantic and Midwestern states. FirstEnergy also owns and operates one of the nation's largest electric transmission systems.
Executives
Christine Walker officer: VP, Human Resources 76 SOUTH MAIN STREET, AKRON OH 44308
Brian X Tierney director, officer: President and CEO 76 S. MAIN ST., AKRON OH 44308
Jana T Croom director 1205 KIMBALL BLVD., JASPER IN 47546
Sean Klimczak director C/O THE BLACKSTONE GROUP, 345 PARK AVE., NEW YORK NY 10154
Paul J Kaleta director P O BOX 30150, RENO NV 89520
Lisa Winston Hicks director 76 S. MAIN ST, AKRON OH 44308
Melvin D. Williams director 76 SOUTH MAIN STREET, AKRON OH 44308
Jesse Lynn director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Andrew Teno director C/O FIR TREE INC., 55 WEST 46TH STREET, 29TH FLOOR, NEW YORK NY 10036
Somerhalder John W Ii director, officer: Vice Chair & Exec Director 76 SOUTH MAIN STREET, AKRON OH 44308
Hyun Park officer: SVP & CLO 76 SOUTH MAIN STREET, AKRON OH 44308
Christopher D Pappas director C/O 76 SOUTH MAIN STREET, AKRON OH 44308
Leila L Vespoli officer: Sr. Vice Pres & Gen. Counsel C/O FIRSTENERGY CORP, 76 SOUTH MAIN STREET, AKRON OH 44308
James F Pearson officer: Treasurer 76 SOUTH MAIN STREET, AKRON OH 44308
Leslie M Turner director THE HERSHEY COMPANY, 100 CRYSTAL A DRIVE, HERSHEY PA 17036

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