Coca-Cola Consolidated Inc. (COKE)
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 | 856,654 | 723,166 | 688,587 | 621,114 | 557,481 | 600,411 | 638,528 | 607,724 | 575,087 | 441,973 | 376,824 | 308,331 | 255,149 | 321,651 | 301,116 | 293,461 | 241,040 | 148,779 | 97,532 | 63,770 |
| Revenue (ttm) | US$ in thousands | 6,899,720 | 6,784,180 | 6,730,960 | 6,673,850 | 6,653,860 | 6,595,700 | 6,511,860 | 6,368,250 | 6,200,970 | 6,030,510 | 5,859,350 | 5,697,220 | 5,562,720 | 5,439,020 | 5,310,070 | 5,104,200 | 5,007,360 | 4,907,670 | 4,850,220 | 4,896,660 |
| Pretax margin | 12.42% | 10.66% | 10.23% | 9.31% | 8.38% | 9.10% | 9.81% | 9.54% | 9.27% | 7.33% | 6.43% | 5.41% | 4.59% | 5.91% | 5.67% | 5.75% | 4.81% | 3.03% | 2.01% | 1.30% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $856,654K ÷ $6,899,720K
= 12.42%
Coca-Cola Consolidated Inc.'s pretax margin has shown a positive trend over the analyzed period starting from 1.30% as of March 31, 2020, and gradually increasing to 12.42% by December 31, 2024. This indicates an improvement in the company's ability to generate profits before taxes relative to its revenue.
The pretax margin increased consistently quarter by quarter with occasional fluctuations, reaching its peak in December 2024. This trend suggests that the company has been effectively managing its operating expenses and other costs relative to its revenue, resulting in higher profitability at the pretax level.
The company's ability to maintain and improve its pretax margin over time reflects effective cost control measures, operational efficiency, possibly increasing revenue streams, or a combination of these factors. A high and increasing pretax margin indicates a healthier financial performance and stronger profitability for Coca-Cola Consolidated Inc.
Peer comparison
Dec 31, 2024