Ball Corporation (BALL)

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 830,000 878,000 1,034,000 684,000 637,000
Revenue US$ in thousands 13,557,000 15,054,000 13,623,000 11,567,000 11,319,000
Pretax margin 6.12% 5.83% 7.59% 5.91% 5.63%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $830,000K ÷ $13,557,000K
= 6.12%

The pretax margin of Ball Corp. has shown some fluctuation over the past five years. In 2023, the pretax margin was 5.94%, a slight increase from the previous year's 5.80%. This suggests that the company was able to slightly improve its efficiency in generating profits before taxes compared to the prior year.

Looking further back, in 2021, Ball Corp. had a pretax margin of 7.49%, which was notably higher than the margins in 2020 (5.78%) and 2019 (5.29%). This indicates that in 2021, the company was more effective in controlling costs or increasing revenue to enhance its profitability before accounting for taxes.

Overall, the pretax margin of Ball Corp. has generally been around 5-7% in recent years, showing a consistent ability to generate profits relative to its total revenue before tax expenses. The fluctuations observed over the period may reflect the company's efforts in managing its expenses, pricing strategies, or operational efficiency.


Peer comparison

Dec 31, 2023

Company name
Symbol
Pretax margin
Ball Corporation
BALL
6.12%
Crown Holdings Inc
CCK
5.83%
Silgan Holdings Inc
SLGN
7.26%