Avantor Inc (AVTR)
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 | 410,500 | 851,100 | 753,000 | 62,300 | 40,600 |
| Revenue | US$ in thousands | 6,967,200 | 7,512,400 | 7,386,100 | 6,393,600 | 6,040,300 |
| Pretax margin | 5.89% | 11.33% | 10.19% | 0.97% | 0.67% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $410,500K ÷ $6,967,200K
= 5.89%
The pretax margin of Avantor Inc has shown fluctuating trends over the past five years. In 2023, the pretax margin decreased to 5.89%, marking a decline from the previous year's 11.33%. Despite this decrease, the margin remained relatively higher compared to the levels seen in 2020 (0.97%) and 2019 (0.67%). This downward trend in pretax margin from 2022 to 2023 may indicate potential challenges or changes in the company's operating efficiency and profitability before accounting for taxes. Further analysis of Avantor Inc's financial performance and strategies may be required to understand the factors driving these fluctuations.
Peer comparison
Dec 31, 2023