B&G Foods Inc (BGS)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -330,509 | -67,133 | -18,907 | 93,654 | 177,362 |
| Revenue | US$ in thousands | 1,930,330 | 2,053,870 | 2,163,840 | 2,049,690 | 1,962,560 |
| Pretax margin | -17.12% | -3.27% | -0.87% | 4.57% | 9.04% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-330,509K ÷ $1,930,330K
= -17.12%
The pretax margin of B&G Foods Inc has shown a gradual decrease over the past five years, declining from 9.04% in December 2020 to -17.12% in December 2024. This indicates that the company's profitability before taxes has been deteriorating, possibly due to factors such as increasing costs, lower revenues, or inefficiencies in operations. A negative pretax margin suggests that the company's operating expenses and other costs are exceeding its gross profit, resulting in overall losses before tax. B&G Foods Inc may need to closely evaluate its cost structure, revenue streams, and operational efficiency to address the declining pretax margin trend and work towards sustainable profitability.
Peer comparison
Dec 31, 2024