Clean Harbors Inc (CLH)
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 | 533,443 | 503,279 | 537,998 | 269,715 | 174,550 |
| Revenue | US$ in thousands | 5,754,620 | 5,395,620 | 5,168,640 | 3,803,030 | 3,139,310 |
| Pretax margin | 9.27% | 9.33% | 10.41% | 7.09% | 5.56% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $533,443K ÷ $5,754,620K
= 9.27%
The pretax margin of Clean Harbors Inc has shown a positive trend over the five-year period from December 31, 2020, to December 31, 2024. The pretax margin increased from 5.56% in 2020 to 7.09% in 2021, demonstrating an improvement in the company's ability to generate profits before accounting for taxes.
Subsequently, the pretax margin continued to rise, reaching 10.41% in 2022, indicating an even stronger profitability performance. However, there was a slight decrease in the pretax margin to 9.33% in 2023, followed by a marginal decline to 9.27% in 2024.
Overall, the upward trend in Clean Harbors Inc's pretax margin reflects the company's efficiency in managing its operating expenses and generating earnings before tax. The fluctuations in the margin over the years suggest that the company may have experienced varying cost structures or revenue dynamics during the period under review.