CH Robinson Worldwide Inc (CHRW)

Pretax margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	409,186	461,464	640,327	968,233	1,166,765	1,314,215	1,336,685	1,141,522	1,022,291	948,052	814,719	746,188	628,331	559,584	586,715	629,059	742,257	862,296	913,838	906,798
Revenue (ttm)	US$ in thousands	17,596,450	18,441,380	20,115,730	22,492,350	24,696,630	26,131,660	26,379,980	25,114,230	23,102,150	21,149,750	19,110,850	17,205,970	16,207,110	15,450,990	15,082,320	15,363,310	15,309,510	15,654,090	12,492,004	9,254,647
Pretax margin		2.33%	2.50%	3.18%	4.30%	4.72%	5.03%	5.07%	4.55%	4.43%	4.48%	4.26%	4.34%	3.88%	3.62%	3.89%	4.09%	4.85%	5.51%	7.32%	9.80%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $409,186K ÷ $17,596,450K
= 2.33%

The pretax margin of C.H. Robinson Worldwide, Inc. has shown a declining trend over the past year, decreasing from 5.07% in Q2 2022 to 2.33% in Q4 2023. This downward trend indicates that the company's profitability before taxes has been shrinking. The fluctuations in the pretax margin could be attributed to various factors such as changes in operating expenses, revenue growth, or changes in the company's pricing strategies. Further analysis is recommended to identify the specific drivers behind these changes and assess the company's overall financial health and performance.