Blackline Inc (BL)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 54,255 | 40,921 | 11,458 | -31,446 | -42,949 | -90,382 | -84,788 | -98,782 | -115,035 | -95,392 | -89,637 | -72,887 | -46,209 | -37,372 | -38,212 | -34,918 | -30,810 | -29,694 | -25,407 | -28,781 |
| Revenue (ttm) | US$ in thousands | 583,654 | 567,879 | 551,446 | 535,362 | 517,277 | 494,103 | 454,609 | 414,043 | 371,779 | 352,163 | 343,114 | 334,191 | 333,571 | 318,119 | 305,795 | 297,928 | 285,842 | 267,900 | 254,715 | 240,505 |
| Pretax margin | 9.30% | 7.21% | 2.08% | -5.87% | -8.30% | -18.29% | -18.65% | -23.86% | -30.94% | -27.09% | -26.12% | -21.81% | -13.85% | -11.75% | -12.50% | -11.72% | -10.78% | -11.08% | -9.97% | -11.97% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $54,255K ÷ $583,654K
= 9.30%
The pretax margin of Blackline Inc has displayed fluctuations over the past few quarters, reflecting the company's profitability before taxes relative to its revenue. The trend indicates improvements in profitability starting from -30.94% at the end of 2021 to 9.30% by the end of 2023. The company managed to turn around negative pretax margins into positive ones, showing a positive trajectory in its financial performance. This indicates that Blackline Inc has been able to effectively control its operating expenses and generate higher earnings relative to its revenue in recent quarters. However, the company should continue to monitor and sustain this positive trend to ensure long-term profitability and financial stability.
Peer comparison
Dec 31, 2023