Astec Industries Inc (ASTE)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 13,900 | 42,800 | 4,400 | 16,500 | 45,700 |
| Revenue | US$ in thousands | 1,305,100 | 1,338,200 | 1,274,500 | 1,097,200 | 1,024,400 |
| Pretax margin | 1.07% | 3.20% | 0.35% | 1.50% | 4.46% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $13,900K ÷ $1,305,100K
= 1.07%
The pretax margin of Astec Industries Inc has shown varying trends over the past five years, as follows:
- As of December 31, 2020, the pretax margin was 4.46%, indicating the company generated $0.0446 in pretax profit for every $1 in revenue.
- By December 31, 2021, the pretax margin decreased to 1.50%, reflecting a decline in profitability compared to the previous year.
- In the following year, by December 31, 2022, the pretax margin further dropped to 0.35%, suggesting a significant decrease in profitability.
- However, by December 31, 2023, the pretax margin rebounded to 3.20%, showing an improvement in profitability compared to the previous year.
- As of December 31, 2024, the pretax margin declined again to 1.07%, indicating a slight decrease in profitability.
Overall, Astec Industries Inc's pretax margin has displayed fluctuations, with periods of both improvement and decline in profitability over the five-year period under review. Further analysis would be necessary to understand the factors driving these changes and evaluate the company's overall financial performance.
Peer comparison
Dec 31, 2024