Columbia Sportswear Company (COLM)
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 | 326,192 | 397,410 | 451,511 | 139,523 | 405,429 |
| Revenue | US$ in thousands | 3,508,870 | 3,486,170 | 3,144,770 | 2,501,550 | 3,042,480 |
| Pretax margin | 9.30% | 11.40% | 14.36% | 5.58% | 13.33% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $326,192K ÷ $3,508,870K
= 9.30%
Columbia Sportswear Co.'s pretax margin has exhibited variability over the past five years. The pretax margin decreased from 13.33% in 2019 to 5.58% in 2020, indicating a significant drop in profitability. However, the company managed to improve its performance in the subsequent years, with pretax margins of 14.44% in 2021 and 11.47% in 2022. The latest reported pretax margin for 2023 stands at 9.35%. This suggests that the company's profitability has somewhat decreased compared to the previous year but remains above the levels observed in 2020. Overall, Columbia Sportswear Co. has demonstrated resilience in maintaining its profitability levels, albeit with fluctuations in recent years.
Peer comparison
Dec 31, 2023