Alamo Group Inc (ALG)
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 | 175,120 | 134,310 | 109,498 | 79,757 | 84,599 |
| Revenue | US$ in thousands | 1,689,650 | 1,513,620 | 1,334,220 | 1,163,470 | 1,119,140 |
| Pretax margin | 10.36% | 8.87% | 8.21% | 6.86% | 7.56% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $175,120K ÷ $1,689,650K
= 10.36%
The pretax margin of Alamo Group Inc. has shown a positive trend over the past five years, increasing from 7.54% in 2019 to 10.36% in 2023. This indicates that the company has been able to effectively control its operating costs and improve its operating efficiency over time. The rising pretax margin suggests that Alamo Group Inc. has been successful in generating a higher level of pre-tax profits relative to its total revenue. This improvement is a positive indicator of the company's overall financial performance and management effectiveness in utilizing its resources to generate profits before accounting for taxes.
Peer comparison
Dec 31, 2023