CTS Corporation (CTS)
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 | 75,153 | 80,737 | -60,880 | 45,479 | 50,266 |
| Revenue | US$ in thousands | 550,422 | 586,869 | 512,925 | 424,066 | 468,999 |
| Pretax margin | 13.65% | 13.76% | -11.87% | 10.72% | 10.72% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $75,153K ÷ $550,422K
= 13.65%
The pretax margin of CTS Corp. has shown mixed performance over the past five years. In 2023, the pretax margin stood at 13.65%, slightly lower than the previous year's 13.76%. This indicates that the company generated $0.1365 in pretax profit for every dollar of revenue in 2023.
In 2021, the pretax margin was negative at -11.87%, signaling that the company incurred pretax losses relative to its revenue that year. However, CTS Corp. managed to improve significantly from this loss-making position to achieve positive pretax margins in subsequent years.
Overall, the trend in pretax margin for CTS Corp. reflects some volatility, with both positive and negative values observed in the past five years. It will be important to monitor this metric to assess the company's ability to efficiently manage its costs and generate profits in the future.
Peer comparison
Dec 31, 2023