Brunswick Corporation (BC)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 616,700 | 706,300 | 757,900 | 840,000 | 849,300 | 785,100 | 756,700 | 738,200 | 734,300 | 751,400 | 746,300 | 600,000 | 470,700 | 406,100 | 33,300 | 54,200 | -50,700 | -52,000 | 220,700 | 206,900 |
| Revenue (ttm) | US$ in thousands | 6,401,400 | 6,622,200 | 6,726,800 | 6,860,100 | 6,812,200 | 6,660,500 | 6,389,500 | 6,108,700 | 5,846,200 | 5,576,300 | 5,382,200 | 4,815,200 | 4,347,500 | 4,104,000 | 3,847,500 | 4,023,200 | 4,108,400 | 4,151,900 | 4,219,400 | 4,204,600 |
| Pretax margin | 9.63% | 10.67% | 11.27% | 12.24% | 12.47% | 11.79% | 11.84% | 12.08% | 12.56% | 13.47% | 13.87% | 12.46% | 10.83% | 9.90% | 0.87% | 1.35% | -1.23% | -1.25% | 5.23% | 4.92% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $616,700K ÷ $6,401,400K
= 9.63%
The pretax margin of Brunswick Corp. has shown a slight downward trend over the last few quarters. In Q4 2023, the pretax margin stood at 9.82%, which represents a decrease from the previous quarter's 10.68% in Q3 2023.
Looking further back, the pretax margin has gradually decreased from 12.53% in Q4 2022 to the current 9.82% in Q4 2023. This indicates potential challenges in managing expenses relative to revenue, which may require further investigation to identify the underlying factors contributing to the decline in profitability.
Overall, Brunswick Corp. may need to focus on optimizing its cost structure and improving operational efficiency to reverse the trend of declining pretax margins and enhance overall financial performance in the future.
Peer comparison
Dec 31, 2023