Blackline Inc (BL)
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 | 124,698 | 60,509 | -47,411 | -100,859 | -38,700 |
| Revenue | US$ in thousands | 653,336 | 589,996 | 522,938 | 425,706 | 351,737 |
| Pretax margin | 19.09% | 10.26% | -9.07% | -23.69% | -11.00% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $124,698K ÷ $653,336K
= 19.09%
Based on the data provided for Blackline Inc's pretax margin over the years, there has been a notable fluctuation in the company's profitability before taxes.
In December 31, 2020, the pretax margin was -11.00%, indicating that the company incurred losses before accounting for taxes, reflecting potential operational challenges or inefficiencies at that time.
The following year, on December 31, 2021, the pretax margin deteriorated further to -23.69%, showing a substantial decline in profitability. This sharp drop suggests that Blackline Inc faced significant financial difficulties during this period.
However, there was a significant improvement in December 31, 2022, with the pretax margin improving to -9.07%. While still negative, this signifies a positive turnaround in the company's financial performance, indicating that cost-cutting measures or revenue enhancement strategies may have been implemented.
By December 31, 2023, the pretax margin turned positive at 10.26%, showing a return to profitability. This improvement suggests successful restructuring efforts, better cost management, or revenue growth initiatives that positively impacted the company's bottom line.
The most recent data point, December 31, 2024, reveals a pretax margin of 19.09%, indicating further profitability growth for Blackline Inc. This substantial increase underscores the company's enhanced operational efficiency, increased revenue generation, or effective cost control measures.
Overall, the data highlights a significant financial turnaround for Blackline Inc, transitioning from losses to profitability over the years, showcasing successful strategic initiatives that have positively impacted the company's pretax margin. It is essential for investors and stakeholders to monitor this trend to assess the company's financial health and performance trajectory.
Peer comparison
Dec 31, 2024