Archer-Daniels-Midland Company (ADM)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 4,311,000 | 5,208,000 | 3,287,000 | 1,873,000 | 1,588,000 |
| Revenue | US$ in thousands | 93,935,000 | 101,556,000 | 85,249,000 | 64,355,000 | 64,656,000 |
| Pretax margin | 4.59% | 5.13% | 3.86% | 2.91% | 2.46% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $4,311,000K ÷ $93,935,000K
= 4.59%
Archer-Daniels-Midland Company's pretax margin has shown a fluctuating trend over the past five years, ranging from 2.46% in 2019 to 5.13% in 2022. The pretax margin decreased slightly to 4.59% in 2023 compared to the previous year. This indicates that the company's ability to generate profits before accounting for taxes has been somewhat volatile, but has generally shown improvement over the years. It is important for the company to closely monitor and manage its expenses, revenues, and tax obligations to sustain and enhance its pretax margin in the future.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Archer-Daniels-Midland Company
ADM
4.59%
Bunge Limited
BG
5.12%
Darling Ingredients Inc
DAR
10.81%