Cinemark Holdings Inc (CNK)
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 | 319,600 | 650,800 | 435,800 | 277,400 | 218,100 | -622,800 | -526,100 | -341,200 | -268,200 | 182,669 | 68,093 | -144,407 | -439,607 | -770,334 | -952,395 | -1,086,529 | -926,228 | -557,876 | -243,733 | 163,954 |
| Revenue (ttm) | US$ in thousands | 2,984,100 | 3,076,300 | 2,994,200 | 3,202,300 | 3,234,700 | 2,768,400 | 2,582,100 | 2,379,800 | 2,231,500 | 2,407,057 | 2,153,212 | 1,706,333 | 1,352,964 | 823,049 | 461,972 | 214,925 | 656,796 | 1,347,357 | 2,104,323 | 3,027,775 |
| Pretax margin | 10.71% | 21.16% | 14.55% | 8.66% | 6.74% | -22.50% | -20.37% | -14.34% | -12.02% | 7.59% | 3.16% | -8.46% | -32.49% | -93.60% | -206.16% | -505.54% | -141.02% | -41.41% | -11.58% | 5.41% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $319,600K ÷ $2,984,100K
= 10.71%
Cinemark Holdings Inc's pretax margin experienced significant fluctuations over the past few years, ranging from negative double digits to positive double digits. The trend started with a decline in the pretax margin in March 2020, reaching a low of -505.54% in March 2021. However, the company showed signs of improvement thereafter, with the pretax margin gradually recovering to positive territory by June 2022.
Despite intermittent dips, the pretax margin showed a positive trend overall by the end of December 2024. Cinemark Holdings Inc's ability to return to positive pretax margins indicates the company's efforts to control costs, improve operational efficiency, and potentially increase profitability during the period under review.