Ball Corporation (BALL)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 535,000 | 726,000 | 705,000 | 714,000 | 767,000 | 645,000 | 883,000 | 497,000 | 884,000 | 1,107,000 | 832,000 | 1,316,000 | 1,008,000 | 936,000 | 1,072,000 | 876,000 | 687,000 | 583,000 | 397,000 | 512,000 |
| Revenue (ttm) | US$ in thousands | 11,801,000 | 12,324,000 | 12,813,000 | 13,401,000 | 13,521,000 | 13,666,000 | 14,046,000 | 14,614,000 | 15,349,000 | 15,475,000 | 15,077,000 | 14,402,000 | 13,811,000 | 13,239,000 | 12,779,000 | 12,121,000 | 11,781,000 | 11,398,000 | 11,258,000 | 11,474,000 |
| Pretax margin | 4.53% | 5.89% | 5.50% | 5.33% | 5.67% | 4.72% | 6.29% | 3.40% | 5.76% | 7.15% | 5.52% | 9.14% | 7.30% | 7.07% | 8.39% | 7.23% | 5.83% | 5.11% | 3.53% | 4.46% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $535,000K ÷ $11,801,000K
= 4.53%
The pretax margin of Ball Corporation has shown fluctuations over the period under review. It improved steadily from March 31, 2020, at 4.46%, reaching a peak of 9.14% on March 31, 2022. However, there was a noticeable decline in the pretax margin in the following quarters, dropping to 5.52% on June 30, 2022, and further to 3.40% on March 31, 2023. The company managed to recover somewhat, with the pretax margin reaching 6.29% on June 30, 2023, yet it saw a decrease to 4.72% on September 30, 2023.
The following quarters of December 31, 2023, and March 31, 2024, saw some improvement in the pretax margin, hovering around 5.67% and 5.33%, respectively. However, by June 30, 2024, there was a slight increase to 5.50% followed by a slightly higher 5.89% on September 30, 2024, before dropping to 4.53% on December 31, 2024.
Overall, the pretax margin of Ball Corporation has experienced fluctuations, displaying both increases and decreases over the period. It is essential for stakeholders to closely monitor these trends to assess the company's financial performance and strategic direction.
Peer comparison
Dec 31, 2024