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