Axalta Coating Systems Ltd (AXTA)
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 | 496,000 | 353,600 | 256,700 | 340,000 | 121,800 |
| Revenue | US$ in thousands | 5,276,000 | 5,184,000 | 4,884,400 | 4,416,200 | 3,737,600 |
| Pretax margin | 9.40% | 6.82% | 5.26% | 7.70% | 3.26% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $496,000K ÷ $5,276,000K
= 9.40%
To analyze Axalta Coating Systems Ltd's pretax margin over the five-year period from 2020 to 2024, we observe the following trend:
- In December 2020, the pretax margin stood at 3.26%, indicating that for every dollar of revenue, the company generated a profit of $0.0326 before accounting for taxes.
- The pretax margin improved significantly in December 2021, reaching 7.70%. This substantial increase suggests that the company became more efficient in managing its expenses and generating profits.
- In December 2022, the pretax margin slightly decreased to 5.26%, possibly due to changes in the company's cost structure or market conditions.
- The pretax margin continued to improve in December 2023, reaching 6.82%, reflecting the company's ability to maintain profitability amidst potential challenges.
- By December 2024, the pretax margin reached its highest point at 9.40%, indicating a strong performance in generating profits relative to revenue.
Overall, Axalta Coating Systems Ltd demonstrated a fluctuating pretax margin from 2020 to 2024, with periods of both improvement and slight decline. The increasing trend from 2020 to 2024 suggests a positive trajectory in the company's profitability, albeit with some variation in performance along the way.
Peer comparison
Dec 31, 2024