Alpha Metallurgical Resources Inc (AMR)
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 | 845,459 | 1,554,750 | 292,198 | -449,063 | -369,606 |
| Revenue | US$ in thousands | 3,471,420 | 4,101,590 | 2,258,690 | 1,416,190 | 2,001,280 |
| Pretax margin | 24.35% | 37.91% | 12.94% | -31.71% | -18.47% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $845,459K ÷ $3,471,420K
= 24.35%
Alpha Metallurgical Resources Inc's pretax margin has shown significant fluctuations over the past four years. In 2023, the pretax margin stood at 24.35%, reflecting a decrease from the previous year's level of 37.91%. Despite the decrease, the company's pretax margin remained positive, indicating that it generated profits before accounting for taxes.
Comparing to 2021, where the pretax margin was 12.86%, the company experienced an improvement in profitability in 2023. However, the pretax margin was negative in 2020 at -17.20%, signaling that the company incurred losses before tax deductions during that period.
Overall, the downward trend in the pretax margin from 2022 to 2023 may suggest potential challenges in managing expenses or generating revenues efficiently. Further analysis of the underlying factors contributing to these fluctuations is recommended to assess the company's financial performance and sustainability.
Peer comparison
Dec 31, 2023