Blackline Inc (BL)
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 | 54,283 | -42,911 | -115,026 | -46,209 | -30,810 |
| Revenue | US$ in thousands | 583,245 | 518,558 | 355,637 | 328,649 | 280,261 |
| Pretax margin | 9.31% | -8.28% | -32.34% | -14.06% | -10.99% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $54,283K ÷ $583,245K
= 9.31%
The pretax margin of Blackline Inc has shown fluctuating trends over the past five years. In 2023, the pretax margin improved significantly to 9.31%, indicating that the company has been more efficient in generating profits before taxes compared to the previous year. In contrast, in 2022 the company incurred a negative pretax margin of -8.28%, suggesting that expenses exceeded revenues before taxes.
Furthermore, the pretax margin in 2021 and 2020 was significantly negative at -32.34% and -14.06% respectively, indicating that the company struggled to generate profits before taxes during those years. This negative trend was also visible in 2019, where the pretax margin was -10.99%.
The improvement in pretax margin in 2023 suggests that Blackline Inc may have implemented cost-cutting measures, increased revenues, or enhanced operational efficiency. However, the company needs to sustain this positive performance to ensure long-term profitability and financial stability.
Peer comparison
Dec 31, 2023