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

Company name
Symbol
Pretax margin
Clean Harbors Inc
CLH
9.33%
Stericycle Inc
SRCL
0.12%