ChampionX Corporation (CHX)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 436,012 | 433,011 | 439,645 | 466,661 | 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 |
| Revenue (ttm) | US$ in thousands | 3,633,983 | 3,665,501 | 3,698,751 | 3,732,079 | 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 |
| Pretax margin | 12.00% | 11.81% | 11.89% | 12.50% | 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% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $436,012K ÷ $3,633,983K
= 12.00%
ChampionX Corporation's pretax margin has shown a significant improvement over the past few years. Starting at a low of -70.73% in June 2020, the pretax margin progressively increased to reach positive territory. By December 2024, the pretax margin had climbed to 12.00%. This can be indicative of enhanced operational efficiency, cost management, or increased revenue generation. The consistent upward trend in pretax margin reflects positively on the company's profitability and management's ability to control costs and drive revenue growth. It suggests a more sustainable business model and potentially improved competitiveness within the industry.
Peer comparison
Dec 31, 2024