Clean Harbors Inc (CLH)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 503,279 | 537,998 | 269,715 | 174,550 | 148,239 |
| Revenue | US$ in thousands | 5,395,620 | 5,168,640 | 3,803,030 | 3,139,310 | 3,409,670 |
| Pretax margin | 9.33% | 10.41% | 7.09% | 5.56% | 4.35% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $503,279K ÷ $5,395,620K
= 9.33%
Clean Harbors, Inc.'s pretax margin has exhibited a positive trend over the past five years, indicating an improvement in the company's ability to generate profits before accounting for taxes. The pretax margin increased from 4.34% in 2019 to 9.30% in 2023, with fluctuations observed in the intervening years. This suggests that the company has been more efficient in managing its operating expenses, increasing revenue, or both, leading to higher pretax profitability. The rising trend reflects management's effectiveness in controlling costs and maximizing operational efficiency, enhancing the company's overall financial performance.
Peer comparison
Dec 31, 2023