Cabot Corporation (CBT)
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 | 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 | 227,000 | 260,000 | 282,000 |
| Revenue (ttm) | US$ in thousands | 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 | 3,337,000 | 3,360,000 | 3,369,000 |
| Pretax margin | 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% | 6.80% | 7.74% | 8.37% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $427,000K ÷ $3,924,000K
= 10.88%
The pretax margin of Cabot Corp. has shown a generally increasing trend over the past eight quarters. In Q1 2024, the pretax margin reached 11.85%, which was slightly higher than the previous quarter (Q4 2023) at 11.60%. This reflects a positive performance in terms of the company's ability to generate profits before tax relative to its total revenue.
Comparing to the same quarter in the previous year, the Q1 2023 pretax margin was also higher at 11.56%. This suggests that the company has been able to maintain consistent profitability levels despite potential seasonal fluctuations or external market conditions.
Furthermore, the pretax margins in the most recent quarters (Q1 2024 and Q4 2023) were notably higher than the margins in earlier quarters of 2022. This indicates an improvement in the operational efficiency and/or cost management strategies of Cabot Corp. during the latter half of 2023 and into 2024.
Overall, the upward trend in pretax margin for Cabot Corp. indicates a positive financial outlook with regards to its profitability and operational performance.
Peer comparison
Dec 31, 2023