CF Industries Holdings Inc (CF)
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 | 1,935,000 | 4,504,000 | 1,200,000 | 348,000 | 619,000 |
| Revenue | US$ in thousands | 6,631,000 | 11,186,000 | 6,538,000 | 4,124,000 | 4,590,000 |
| Pretax margin | 29.18% | 40.26% | 18.35% | 8.44% | 13.49% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,935,000K ÷ $6,631,000K
= 29.18%
CF Industries Holdings Inc's pretax margin has fluctuated over the past five years, ranging from a low of 11.23% in 2020 to a high of 45.55% in 2022. The pretax margin decreased significantly in 2020 before rebounding in the following years. The sharp increase in 2022 suggests improved efficiency in generating profits before taxes. However, the pretax margin declined in 2023 to 33.90%, indicating a slight decrease in profitability compared to the previous year. Overall, the trend in pretax margin reflects variability in CF Industries Holdings Inc's ability to control costs and generate operating profits before tax expenses.
Peer comparison
Dec 31, 2023