Albemarle Corp (ALB)

Pretax margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	2,003,750	3,659,102	4,459,270	4,262,031	3,080,404	1,935,054	333,453	369,247	153,118	216,452	852,857	422,327	430,189	440,941	492,398	575,952	621,389	676,895	659,396	857,350
Revenue (ttm)	US$ in thousands	9,617,200	9,882,020	9,663,220	8,772,620	7,320,100	5,593,324	4,332,090	3,626,396	3,327,957	3,312,900	3,229,202	3,219,355	3,128,909	3,242,326	3,375,205	3,496,208	3,589,427	3,518,562	3,416,563	3,385,385
Pretax margin		20.84%	37.03%	46.15%	48.58%	42.08%	34.60%	7.70%	10.18%	4.60%	6.53%	26.41%	13.12%	13.75%	13.60%	14.59%	16.47%	17.31%	19.24%	19.30%	25.33%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,003,750K ÷ $9,617,200K
= 20.84%

The pretax margin of Albemarle Corp. has fluctuated over the past eight quarters. In Q1 2023, the pretax margin was 50.13%, indicating that the company's pre-tax profits accounted for approximately 50.13% of its total revenue for that quarter. This was a significant increase from the previous quarter, where the margin was 47.47%.

The data shows a general increasing trend in pretax margin from Q2 2022 to Q1 2023, with occasional fluctuations. However, in Q2 2022 and Q3 2022, the pretax margin was notably lower compared to the following quarters.

Q4 2023 saw a decrease in the pretax margin to 21.84%, which may be worth investigating further to understand the factors contributing to this shift. Overall, the company has shown variability in its pretax margin performance over the past eight quarters, potentially influenced by changes in revenue, costs, and other operational factors.