Clean Harbors Inc (CLH)
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 | 533,443 | 551,794 | 521,406 | 500,997 | 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 |
| Revenue (ttm) | US$ in thousands | 5,754,620 | 5,765,470 | 5,607,830 | 5,459,390 | 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 |
| Pretax margin | 9.27% | 9.57% | 9.30% | 9.18% | 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% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $533,443K ÷ $5,754,620K
= 9.27%
The pretax margin of Clean Harbors Inc has shown a steady increase over the past few years, indicating improving profitability before taking into account taxes and other expenses. The pretax margin was around 4-5% in early 2020 and has consistently risen to approximately 9-10% by the end of 2024. This upward trend demonstrates the company's ability to manage its costs effectively and generate higher earnings relative to its revenue over time. However, there was a slight dip in the pretax margin in mid-2023, but it quickly recovered and continued its upward trajectory. Overall, the increasing pretax margin suggests improved operational efficiency and financial performance for Clean Harbors Inc during the period under review.