The Chefs Warehouse Inc (CHEF)
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 | 55,469 | 41,889 | -6,776 | -123,606 | 32,403 |
| Revenue | US$ in thousands | 3,390,260 | 2,556,590 | 1,728,410 | 1,090,630 | 1,573,980 |
| Pretax margin | 1.64% | 1.64% | -0.39% | -11.33% | 2.06% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $55,469K ÷ $3,390,260K
= 1.64%
The pretax margin of The Chefs Warehouse Inc has fluctuated over the past five years. In 2023 and 2022, the pretax margin remained stable at 1.64%, indicating consistent pre-tax profitability relative to total revenue. However, in 2021, the company experienced a negative pretax margin of -0.39%, suggesting that the company incurred losses before accounting for taxes. This negative performance improved in 2020 when the pretax margin was -11.33%, a significant improvement compared to the previous year but still indicating substantial losses.
The most positive sign was seen in 2019 when the company achieved a pretax margin of 2.06%, indicating a healthy level of profitability before taxes. Overall, fluctuations in the pretax margin reflect varying levels of operational efficiency and profitability for The Chefs Warehouse Inc over the five-year period.
Peer comparison
Dec 31, 2023