Century Aluminum Company (CENX)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 340,000 | -57,700 | 33,300 | -197,700 | -126,400 |
| Revenue | US$ in thousands | 2,222,300 | 2,123,600 | 5,722,400 | 4,157,500 | 1,605,100 |
| Pretax margin | 15.30% | -2.72% | 0.58% | -4.76% | -7.87% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $340,000K ÷ $2,222,300K
= 15.30%
The pretax margin of Century Aluminum Company has shown fluctuations over the past five years. In December 2020, the company reported a negative pretax margin of -7.87%, indicating that expenses exceeded revenues before taxes. By December 2021, the pretax margin improved slightly to -4.76%, but still remained negative.
In December 2022, Century Aluminum Company managed to achieve a positive pretax margin of 0.58%, indicating that the company generated some earnings before taxes. However, by December 2023, the pretax margin decreased to -2.72%, reverting back to a negative territory.
The most significant improvement in the pretax margin was observed by December 2024, where Century Aluminum Company reported a pretax margin of 15.30%. This substantial increase suggests that the company was able to control costs efficiently and increase profitability before accounting for taxes.
Overall, the trend in Century Aluminum Company's pretax margin indicates varying levels of financial performance over the five-year period, with a notable improvement in 2024.
Peer comparison
Dec 31, 2024