Crocs Inc (CROX)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 876,272 | 877,982 | 874,152 | 811,214 | 718,508 | 695,898 | 664,059 | 640,321 | 663,849 | 574,313 | 446,661 | 310,789 | 206,979 | 149,776 | 117,789 | 107,771 | 119,322 | 99,086 | 75,573 | 68,274 |
| Revenue (ttm) | US$ in thousands | 3,799,361 | 3,774,430 | 3,720,249 | 3,622,738 | 3,424,385 | 3,112,307 | 2,781,762 | 2,484,734 | 2,300,270 | 2,125,150 | 1,864,815 | 1,557,826 | 1,377,267 | 1,228,740 | 1,178,749 | 1,205,848 | 1,221,229 | 1,174,239 | 1,127,337 | 1,100,907 |
| Pretax margin | 23.06% | 23.26% | 23.50% | 22.39% | 20.98% | 22.36% | 23.87% | 25.77% | 28.86% | 27.02% | 23.95% | 19.95% | 15.03% | 12.19% | 9.99% | 8.94% | 9.77% | 8.44% | 6.70% | 6.20% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $876,272K ÷ $3,799,361K
= 23.06%
Crocs Inc's pretax margin has shown a consistent trend of profitability over the past eight quarters. The pretax margins ranged from 20.21% to 25.48% during this period, with the highest margin recorded in Q1 2022 and the lowest in Q4 2022. The company has been able to maintain a pretax margin above 20% throughout, indicating strong control over expenses relative to its revenue. Although there was a slight dip in Q1 2023 compared to the previous quarter, the pretax margin remained relatively stable around the low 20% range. Overall, Crocs Inc's pretax margin reflects a healthy profitability trend, demonstrating efficient cost management strategies.
Peer comparison
Dec 31, 2023