Crocs Inc (CROX)
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 | 876,272 | 718,508 | 663,849 | 206,979 | 119,322 |
| Revenue | US$ in thousands | 3,799,360 | 3,421,060 | 2,291,690 | 1,375,710 | 1,219,870 |
| Pretax margin | 23.06% | 21.00% | 28.97% | 15.05% | 9.78% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $876,272K ÷ $3,799,360K
= 23.06%
Crocs Inc's pretax margin has shown a generally positive trend over the past five years, increasing from 9.70% in 2019 to 22.11% in 2023. This indicates an improvement in the company's ability to generate profits before accounting for taxes relative to its revenue. The pretax margin peaked in 2021 at 28.70%, reflecting strong profitability during that period. However, there was a slight decrease in 2022 to 20.21%, before recovering and reaching a new high in 2023. Overall, the trend suggests that Crocs Inc has been effectively managing its costs and expenses in relation to its revenue, resulting in improved profitability over the years.
Peer comparison
Dec 31, 2023