Century Communities Inc (CCS)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 350,830 | 676,900 | 641,122 | 270,240 | 132,635 |
| Revenue | US$ in thousands | 3,692,180 | 4,505,920 | 4,216,310 | 3,161,190 | 2,535,910 |
| Pretax margin | 9.50% | 15.02% | 15.21% | 8.55% | 5.23% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $350,830K ÷ $3,692,180K
= 9.50%
Century Communities Inc's pretax margin has fluctuated over the past five years. In 2023, the pretax margin decreased to 9.50% from 15.02% in 2022 and 15.21% in 2021, which indicates a decline in profitability. This reduction in pretax margin may suggest that the company's operating expenses or taxes have increased relative to its revenue in 2023 compared to the previous years. However, the pretax margin of 9.50% is still higher than the 8.55% in 2020 and 5.23% in 2019, showing an improvement in profitability over the longer term. Further analysis into the company's cost structure and revenue generation may be necessary to determine the exact reasons behind the fluctuations in pretax margin.
Peer comparison
Dec 31, 2023