Coca-Cola Consolidated Inc. (COKE)
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 | 557,481 | 575,087 | 255,149 | 231,436 | 27,040 |
| Revenue | US$ in thousands | 6,644,960 | 6,166,200 | 5,518,710 | 4,951,170 | 4,774,060 |
| Pretax margin | 8.39% | 9.33% | 4.62% | 4.67% | 0.57% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $557,481K ÷ $6,644,960K
= 8.39%
The pretax margin of Coca-Cola Consolidated Inc has fluctuated over the past five years, ranging from 0.71% in 2019 to 9.27% in 2022. The company's pretax margin was 8.38% in 2023, showing a slight decrease from the previous year. It is worth noting that the pretax margin significantly improved in 2022 compared to 2021, indicating a more efficient management of expenses relative to revenue. However, the pretax margin in 2020 and 2021 was relatively lower compared to 2022 and 2023. Overall, the pretax margin of Coca-Cola Consolidated Inc has shown variability over the years, reflecting changes in the company's cost structure and operating efficiency.
Peer comparison
Dec 31, 2023