Topbuild Corp (BLD)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 840,787 | 832,411 | 829,189 | 849,165 | 825,485 | 819,061 | 802,394 | 772,776 | 742,133 | 661,542 | 581,901 | 510,616 | 433,443 | 421,532 | 387,080 | 337,099 | 323,086 | 295,573 | 273,247 | 267,915 |
| Revenue (ttm) | US$ in thousands | 5,312,220 | 5,266,710 | 5,200,730 | 5,133,820 | 5,120,910 | 5,099,790 | 5,078,940 | 5,041,270 | 4,951,870 | 4,757,590 | 4,311,639 | 3,878,974 | 3,443,847 | 3,112,824 | 2,961,908 | 2,771,414 | 2,692,863 | 2,633,725 | 2,617,128 | 2,629,892 |
| Pretax margin | 15.83% | 15.81% | 15.94% | 16.54% | 16.12% | 16.06% | 15.80% | 15.33% | 14.99% | 13.90% | 13.50% | 13.16% | 12.59% | 13.54% | 13.07% | 12.16% | 12.00% | 11.22% | 10.44% | 10.19% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $840,787K ÷ $5,312,220K
= 15.83%
Topbuild Corp has shown a consistent improvement in its pretax margin over the past few years, reflecting its ability to efficiently manage its pre-tax profits relative to its total revenue. The pretax margin increased from 10.19% in March 2020 to 15.83% in December 2024.
The trend was characterized by fluctuations, with some quarters experiencing slight declines but overall demonstrating a positive upward trajectory. Notable increases were observed in the pretax margin from September 2021 to June 2022, where it saw a significant rise from 13.54% to 13.50%.
However, Topbuild Corp experienced a slight dip in its pretax margin in the second half of 2024, dropping from 16.12% in March 2024 to 15.83% in December 2024. This could suggest potential challenges or changes in the company's operations during that period.
Overall, the consistent growth in Topbuild Corp's pretax margin indicates its ability to effectively control costs and increase operational efficiency, contributing to the company's overall profitability.