CH Robinson Worldwide Inc (CHRW)
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 | 409,186 | 1,166,760 | 1,022,290 | 628,331 | 742,257 |
| Revenue | US$ in thousands | 17,596,400 | 24,696,600 | 23,102,100 | 16,207,100 | 15,309,500 |
| Pretax margin | 2.33% | 4.72% | 4.43% | 3.88% | 4.85% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $409,186K ÷ $17,596,400K
= 2.33%
C.H. Robinson Worldwide, Inc.'s pretax margin has shown some fluctuations over the past five years. The pretax margin was at 2.33% in 2023, which decreased from 4.72% in 2022. This decline indicates a lower level of profitability before taxes in 2023 compared to the previous year. The pretax margin was relatively stable around 4% from 2021 to 2019, with a slight dip to 3.88% in 2020. Overall, the trend suggests some variability in the company's pre-tax profitability performance over the years. Further analysis and comparison to industry peers could provide additional insights into the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023