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Itc Holdings Corp   (ITC)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities


Itc Holdings 's Effective Tax Rate by quarter

Trends, Rankings, Statistics



ITC Effective Tax Rate (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Pre-Tax Income Change 8.72 % -0.65 % 7.64 % 5.71 % 20.16 %
Seq. Pre-Tax Income Change 5.19 % -0.65 % 4.73 % -0.67 % -3.87 %
Pre-Tax Income In Millions $162.00 $154.00 $155.00 $148.00 $149.00
Effective Tax Rate 24.07 % 28.57 % 23.87 % 24.32 % 23.49 %
Effective Tax Rate Total Ranking # 913 # 1713 # 1259 # 1354 # 1386
Income taxes expenses / -benefit In Millions $39.00 $44.00 $37.00 $36.00 $35.00
Y / Y Income taxes expenses / -benefit Change 11.43 % 0 % 12.12 % 5.88 % 40 %
Seq. Income taxes expenses / -benefit Change -11.36 % 18.92 % 2.78 % 2.86 % -20.45 %


Commenting fourth Quarter 2023 Effective Tax Rate
Company's effective tax rate in IV. Quarter decreased compare to previous quarter to 24.07 %, below company's average Effective Tax Rate.

Looking into IV. Quarter results within Electric Utilities industry 22 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has impoved so far to 913, from total ranking in previous quarter at 1713.

ITC's Effective Tax Rate fourth quarter 2023 Company Ranking
Within: No.
Electric Utilities Industry # 23
Utilities Sector # 48
Overall # 912

ITC's Effective Tax Rate Statistics
High Average Low
40.67 % 30.44 % 19.01 %
(Dec 31 2017)   (Sep 30 2019)




Other Effective Tax Rate Profitability Ratios
ITC's Cumulative Effective Tax Rate
Electric Utilities Industry Effective Tax Rate Trends and Statistics
Utilities Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
ITC's Effective Tax Rate Profitability versus Electric Utilities Industry, Utilities Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for ITC's Competitors
Effective Tax Rate Profit Margin for Itc Holdings 's Suppliers
Effective Tax Rate Profit Margin for ITC's Customers

You may also want to know
ITC's Annual Growth Rates ITC's Profitability Ratios ITC's Asset Turnover Ratio ITC's Dividend Growth
ITC's Roe ITC's Valuation Ratios ITC's Financial Strength Ratios ITC's Income taxes expenses / -benefit Growth
ITC's Roa ITC's Inventory Turnover Ratio ITC's Growth Rates ITC's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Dec 31 2023, within Electric Utilities Industry Effective Tax RateDec 31 2023 MRQ Income taxes expenses / -benefitDec 31 2023 MRQ Pre-Tax Income
Dpl Inc   54.17 %$ 1.300 $ 2.400 
Pinnacle West Capital Corporation  39.42 %$ 2.787 $ 7.070 
Firstenergy Corp  27.82 %$ 74.000 $ 266.000 
Nrg Energy inc  26.19 %$ 171.000 $ 653.000 
Itc Holdings Corp   24.07 %$ 39.000 $ 162.000 
Wisconsin Electric Power Company  23.61 %$ 26.000 $ 110.100 
Wisconsin Public Service Corporation  22.14 %$ 12.400 $ 56.000 
Public Service Enterprise Group Incorporated  20.52 %$ 141.000 $ 687.000 
Ameren Corporation  19.70 %$ 39.000 $ 198.000 
Allete Inc   19.48 %$ 7.500 $ 38.500 
Portland General Electric Company  18.07 %$ 15.000 $ 83.000 
Consolidated Edison Inc   17.53 %$ 71.000 $ 405.000 
Fortis Inc   17.39 %$ 275.760 $ 1,585.620 
Ormat Technologies Inc   16.76 %$ 8.188 $ 48.848 
Nextera Energy Inc  15.60 %$ 169.000 $ 1,083.000 
Hydro One Inc   14.19 %$ 139.412 $ 982.778 
Exelon Corporation  13.97 %$ 100.000 $ 716.000 
Edison International  13.73 %$ 67.000 $ 488.000 
Hawaiian Electric Industries Inc   13.45 %$ 7.658 $ 56.920 
Dte Energy Co  13.07 %$ 63.000 $ 482.000 
Emera Incorporated  10.91 %$ 98.048 $ 898.518 
Duke Energy Corporation  9.71 %$ 122.000 $ 1,257.000 
Wec Energy Group Inc   9.00 %$ 21.600 $ 240.100 




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