Clean Harbors Inc (CLH)
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 | 503,279 | 480,616 | 536,720 | 573,295 | 537,998 | 499,421 | 405,359 | 300,786 | 269,715 | 253,003 | 234,577 | 184,989 | 174,550 | 165,672 | 151,169 | 162,556 | 148,239 | 130,607 | 118,852 | 111,013 |
| Revenue (ttm) | US$ in thousands | 5,395,620 | 5,338,840 | 5,337,840 | 5,308,930 | 5,168,630 | 4,988,910 | 4,587,405 | 4,156,892 | 3,803,032 | 3,426,911 | 3,272,642 | 3,074,051 | 3,139,310 | 3,215,536 | 3,321,592 | 3,480,263 | 3,405,713 | 3,392,912 | 3,350,811 | 3,331,464 |
| Pretax margin | 9.33% | 9.00% | 10.06% | 10.80% | 10.41% | 10.01% | 8.84% | 7.24% | 7.09% | 7.38% | 7.17% | 6.02% | 5.56% | 5.15% | 4.55% | 4.67% | 4.35% | 3.85% | 3.55% | 3.33% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $503,279K ÷ $5,395,620K
= 9.33%
Clean Harbors, Inc.'s pretax margin has been trending positively over the past eight quarters, indicating increasing efficiency in controlling operating expenses relative to its revenue. The company witnessed a slight decline in Q3 2023 compared to the previous quarter but managed to rebound in Q4 2023, achieving a pretax margin of 9.30%. This improvement is notable when compared to Q1 2022, where the pretax margin was at 7.22%. The upward trend suggests that Clean Harbors has been effectively managing its costs and improving its profitability before taxes. This consistent increase in pretax margin reflects a positive outlook for the company's financial performance and operational efficiency.
Peer comparison
Dec 31, 2023