ChampionX Corporation (CHX)
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 | 419,343 | 395,239 | 325,833 | 244,317 | 195,212 | 155,986 | 201,410 | 186,286 | 151,744 | 120,988 | 26,374 | -95,038 | -764,326 | -794,080 | -767,385 | -627,569 | 58,421 | 96,482 | 113,347 | 115,318 |
| Revenue (ttm) | US$ in thousands | 3,758,285 | 3,800,585 | 3,882,362 | 3,888,334 | 3,805,947 | 3,642,237 | 3,439,462 | 3,256,062 | 3,074,990 | 2,958,967 | 2,773,708 | 2,323,450 | 1,899,996 | 1,441,622 | 1,084,935 | 1,092,191 | 1,131,251 | 1,196,636 | 1,235,968 | 1,235,545 |
| Pretax margin | 11.16% | 10.40% | 8.39% | 6.28% | 5.13% | 4.28% | 5.86% | 5.72% | 4.93% | 4.09% | 0.95% | -4.09% | -40.23% | -55.08% | -70.73% | -57.46% | 5.16% | 8.06% | 9.17% | 9.33% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $419,343K ÷ $3,758,285K
= 11.16%
ChampionX Corp.'s pretax margin has shown a steady improvement over the past year. The pretax margin increased from 5.17% in Q4 2022 to 11.28% in Q4 2023, indicating a positive trend in the company's profitability before taxes. This signifies that the company has been able to effectively manage its operating expenses and generate higher revenues relative to its costs. The consistent growth in pretax margin reflects improved operational efficiency and financial performance, suggesting that ChampionX Corp. has been making sound strategic decisions to enhance its bottom line. Overall, the increasing trend in pretax margin over the last quarters is a positive indicator of the company's profitability and financial health.
Peer comparison
Dec 31, 2023