• Avangrid average pre-tax profit margin for 2023 was 6.27%, a 44.56% increase from 2022.
• Avangrid average pre-tax profit margin for 2022 was 11.31%, a 12.87% decline from 2021.
• Avangrid average pre-tax profit margin for 2021 was 10.02%, a 8.66% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.