ChampionX Corporation (CHX)
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 | 436,012 | 419,343 | 195,212 | 151,744 | -764,326 |
| Revenue | US$ in thousands | 3,633,980 | 3,758,280 | 3,805,950 | 3,074,990 | 1,900,000 |
| Pretax margin | 12.00% | 11.16% | 5.13% | 4.93% | -40.23% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $436,012K ÷ $3,633,980K
= 12.00%
ChampionX Corporation's pretax margin has shown significant improvement over the years, increasing from -40.23% as of December 31, 2020, to 12.00% as of December 31, 2024. This indicates a strong trend towards profitability, with the company effectively managing its costs and boosting its operational efficiency. The positive trend in pretax margin reflects the company's ability to generate more income before accounting for taxes relative to its revenues. Overall, the increasing pretax margin for ChampionX Corporation signifies improved financial performance and stronger operational management over the analyzed period.
Peer comparison
Dec 31, 2024