Cabot Corporation (CBT)
Pretax margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 417,000 | 311,000 | 373,000 | -47,000 | 227,000 |
| Revenue | US$ in thousands | 3,931,000 | 4,321,000 | 3,409,000 | 2,614,000 | 3,337,000 |
| Pretax margin | 10.61% | 7.20% | 10.94% | -1.80% | 6.80% |
September 30, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $417,000K ÷ $3,931,000K
= 10.61%
Cabot Corp.'s pretax margin has fluctuated over the past five years. In 2023, the pretax margin was 11.60%, showing an improvement from the previous year's 7.98%. This suggests that the company was able to enhance its profitability before accounting for taxes. In 2021, the pretax margin was relatively high at 12.00%, indicating strong earnings before taxes. However, in 2020, the pretax margin was negative at -1.15%, which could be a cause for concern as it signifies a loss before taxes. The company then showed a recovery in 2019 with a pretax margin of 7.67%. Overall, the trend in pretax margin reflects some volatility in Cabot Corp.'s profitability over the analyzed period.
Peer comparison
Sep 30, 2023