Brinks Company (BCO)
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 | 226,900 | 212,000 | 225,500 | 72,600 | 90,000 |
| Revenue | US$ in thousands | 4,592,500 | 4,335,000 | 4,061,700 | 3,591,900 | 3,578,000 |
| Pretax margin | 4.94% | 4.89% | 5.55% | 2.02% | 2.52% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $226,900K ÷ $4,592,500K
= 4.94%
The pretax margin of Brink`s Co. has exhibited fluctuations over the past five years. In 2023, the company's pretax margin was 4.84%, slightly lower than the previous year's margin of 4.99%. This decrease suggests a slight decrease in the company's ability to generate profits before accounting for taxes.
Comparing the 2023 pretax margin to earlier years, we observe a downward trend from the peak of 5.61% in 2021 and 2.54% in 2019. This fluctuation indicates some variability in Brink`s Co.`s profitability performance over the years.
It is essential for the company to delve deeper into the factors contributing to these fluctuations in pretax margin in order to identify any underlying issues and implement strategies to maintain or improve profitability levels in the future. Additional analysis of cost structures, revenue streams, and overall operational efficiency may provide further insights into the company's financial performance.
Peer comparison
Dec 31, 2023