Cabot Corporation (CBT)
Pretax margin
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 491,000 | 480,000 | 454,000 | 427,000 | 417,000 | 424,000 | 447,000 | 486,000 | 311,000 | 247,000 | 217,000 | 183,000 | 373,000 | 224,000 | 97,000 | -3,000 | -47,000 | 103,000 | 176,000 | 210,000 |
| Revenue (ttm) | US$ in thousands | 3,994,000 | 3,958,000 | 3,910,000 | 3,924,000 | 3,931,000 | 4,078,000 | 4,259,000 | 4,318,000 | 4,321,000 | 4,113,000 | 3,881,000 | 3,631,000 | 3,409,000 | 3,164,000 | 2,765,000 | 2,633,000 | 2,614,000 | 2,782,000 | 3,109,000 | 3,243,000 |
| Pretax margin | 12.29% | 12.13% | 11.61% | 10.88% | 10.61% | 10.40% | 10.50% | 11.26% | 7.20% | 6.01% | 5.59% | 5.04% | 10.94% | 7.08% | 3.51% | -0.11% | -1.80% | 3.70% | 5.66% | 6.48% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $491,000K ÷ $3,994,000K
= 12.29%
Cabot Corporation's pretax margin has shown fluctuations over the past several quarters. The pretax margin was relatively stable around the 10-12% range from September 2023 to March 2024. However, there was a notable increase in the pretax margin to 12.29% in September 2024, indicating improved profitability before tax expenses.
Looking back further, there were periods of lower pretax margins in the range of 3-7% from December 2019 to June 2021. The company experienced a significant decline in pretax margin to negative values in December 2020 and September 2020, with -0.11% and -1.80% respectively.
Overall, the recent increase in the pretax margin suggests that Cabot Corporation may have implemented strategies to enhance its operational efficiency and profitability. However, ongoing monitoring of the pretax margin in upcoming quarters will be essential to assess the company's financial performance sustainability.
Peer comparison
Sep 30, 2024