Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. ITC Holdings's Pre-Tax Income for the
three
months ended in Jun. 2016 was $116 Mil. ITC Holdings's Revenue for the
three
months ended in Jun. 2016 was $298 Mil. Therefore, ITC Holdings's pretax margin for the quarter that ended in Jun. 2016 was 38.89%.
The historical rank and industry rank for ITC Holdings's Pretax Margin % or its related term are showing as below:
ITC's Pretax Margin % is not ranked *
in the Utilities - Regulated industry.
Industry Median: 10.54 * Ranked among companies with meaningful Pretax Margin % only.
ITC Holdings Pretax Margin % Historical Data
The historical data trend for ITC Holdings'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.
Competitive Comparison of ITC Holdings's Pretax Margin %
For the Utilities - Regulated Electric subindustry, ITC Holdings'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.
ITC Holdings's Pretax Margin % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, ITC Holdings's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where ITC Holdings's Pretax Margin % falls into.
ITC Holdings 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.
ITC Holdings's Pretax Margin for the fiscal year that ended in Dec. 2015 is calculated as
* 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.
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.
ITC Holdings Pretax Margin % Related Terms
Thank you for viewing the detailed overview of ITC Holdings's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
ITC Holdings Corp was incorporated in 2002 in the State of Michigan for the purpose of acquiring ITC Transmission. The Company, along with its subsidiaries, is engaged in transmission of electricity in the United States. Through its operating subsidiaries, ITCTransmission, METC, ITC Midwest and ITC Great Plains, it operates high-voltage systems in Michigan's Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma that transmit electricity from generating stations to local distribution facilities connected to its systems. The Company operates, maintains and invests in transmission infrastructure in order to enhance system integrity and reliability, reduces transmission constraints and allows new generating resources to interconnect to its transmission systems. Its Regulated Operating Subsidiaries are independent electric transmission utilities, with rates regulated by the FERC and established on a cost-of-service model. The Company's Regulated Operating Subsidiaries earns revenues through tariff rates charged for the use of their electric transmission systems by its customers, which include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. The Company's operations are subject to federal, state and local environmental laws and regulations, which impose limitations on the discharge of pollutants into the environment, establish standards for the management, treatment, storage, transportation and disposal of hazardous materials and of solid and hazardous wastes, and impose obligations to investigate and remediate contamination in certain circumstances.
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