Peabody Energy Corp (BTU)
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 | 1,068,400 | 1,378,500 | 1,597,900 | 1,765,300 | 1,258,300 | 1,232,200 | 798,500 | 344,300 | 382,900 | -287,100 | -306,500 | -1,817,500 | -1,862,300 | -2,008,200 | -2,019,500 | -435,000 | -165,300 | 344,200 | 243,800 | 53,200 |
| Revenue (ttm) | US$ in thousands | 4,946,700 | 5,337,800 | 5,601,400 | 5,654,500 | 4,981,900 | 4,620,400 | 3,956,900 | 3,358,400 | 3,318,300 | 2,790,900 | 2,782,900 | 2,686,200 | 2,881,100 | 3,261,300 | 3,696,700 | 4,219,000 | 4,623,400 | 4,903,100 | 5,237,500 | 5,295,600 |
| Pretax margin | 21.60% | 25.83% | 28.53% | 31.22% | 25.26% | 26.67% | 20.18% | 10.25% | 11.54% | -10.29% | -11.01% | -67.66% | -64.64% | -61.58% | -54.63% | -10.31% | -3.58% | 7.02% | 4.65% | 1.00% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,068,400K ÷ $4,946,700K
= 21.60%
Peabody Energy Corp's pretax margin has shown significant fluctuations over the past few quarters. The pretax margin, which represents the percentage of revenue that remains as profit before taxes are applied, ranged from -67.66% in March 2021 to a high of 31.22% in March 2023.
There was a notable improvement in the pretax margin from the negative figures in the first half of 2021 to positive percentages in 2022 and 2023. This improvement indicates better cost management and operational efficiency by the company.
However, the pretax margin saw a decrease in the most recent quarter, December 2023, dropping to 21.60%. This decline may raise concerns about the company's ability to sustain profitability at previous levels. Investors and stakeholders may want to monitor future financial reports to assess whether this decrease is due to temporary factors or a shift in the company's financial performance trend.
Peer comparison
Dec 31, 2023