Balchem Corporation (BCPC)
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 | 137,261 | 133,749 | 125,233 | 106,417 | 96,478 |
| Revenue | US$ in thousands | 922,439 | 942,358 | 799,023 | 703,644 | 643,705 |
| Pretax margin | 14.88% | 14.19% | 15.67% | 15.12% | 14.99% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $137,261K ÷ $922,439K
= 14.88%
Balchem Corp.'s pretax margin has shown a consistent performance over the past five years, averaging around 15%. The company's ability to generate profits before taxes relative to its total revenue has remained relatively stable, indicating efficient cost management and revenue generation strategies. In 2021, the pretax margin peaked at 15.67%, showing a strong performance that year. However, there was a slight dip in 2022 to 14.19%, followed by a recovery to 14.88% in 2023. Overall, the company has maintained a healthy pretax margin, which suggests effective operational efficiency and profitability management.
Peer comparison
Dec 31, 2023