Air Lease Corporation (AL)
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 | 753,634 | -138,765 | 541,016 | 646,678 | 735,685 |
| Revenue | US$ in thousands | 2,684,980 | 2,317,300 | 2,088,390 | 2,015,440 | 2,016,900 |
| Pretax margin | 28.07% | -5.99% | 25.91% | 32.09% | 36.48% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $753,634K ÷ $2,684,980K
= 28.07%
Air Lease Corporation's pretax margin has shown variability over the past five years, with significant fluctuations in performance. In 2023, the pretax margin improved significantly to 28.07%, indicating that the company was able to generate more profit before taxes compared to the previous year. However, the negative pretax margin of -5.99% in 2022 suggests that the company incurred losses before taxes during that period.
The pretax margin was relatively strong in 2021 at 25.91%, indicating the company's ability to efficiently manage its expenses and generate profits. In 2020 and 2019, Air Lease Corporation achieved even higher pretax margins of 32.09% and 36.48% respectively, demonstrating consistent profitability levels during those years.
Overall, while the company has demonstrated the ability to generate strong profits before taxes in certain years, the variability in the pretax margin suggests that Air Lease Corporation's financial performance may be subject to fluctuations in market dynamics and operational factors.
Peer comparison
Dec 31, 2023