Barnes Group Inc (B)
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 | 33,264 | 38,185 | 127,817 | 101,495 | 206,844 |
| Revenue | US$ in thousands | 1,388,550 | 1,247,580 | 1,243,100 | 1,107,020 | 1,463,750 |
| Pretax margin | 2.40% | 3.06% | 10.28% | 9.17% | 14.13% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $33,264K ÷ $1,388,550K
= 2.40%
The pretax margin of Barnes Group Inc. has displayed a declining trend over the past five years. The pretax margin decreased from 13.87% in 2019 to 2.29% in 2023. This indicates that the company's profitability before accounting for taxes has been eroding over this period.
In 2021, the pretax margin was relatively high at 10.15%, but it significantly decreased in the following years. The decline in pretax margin could be attributed to various factors such as cost increases, pricing pressures, or changes in the company's revenue mix.
It is important for Barnes Group Inc. to closely monitor and effectively manage its costs and revenue to improve its pretax margin in the future. Analyzing the trends in operating expenses, revenue growth, and gross margin can provide insights into areas that require attention to enhance profitability levels.
Peer comparison
Dec 31, 2023