CVR Energy Inc (CVI)

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	975,000	1,025,000	688,000	745,000	622,000	438,000	469,000	226,000	17,000	-52,000	-310,000	-308,000	-350,000	-197,000	83,000	250,000	509,000	533,000	493,000	397,000
Revenue (ttm)	US$ in thousands	9,246,000	9,724,000	9,901,000	10,809,000	10,896,000	10,329,000	9,513,000	8,152,000	7,242,000	6,248,000	5,370,000	4,262,000	3,929,000	4,379,000	4,996,000	6,008,000	6,364,000	6,533,000	6,846,000	7,074,000
Pretax margin		10.55%	10.54%	6.95%	6.89%	5.71%	4.24%	4.93%	2.77%	0.23%	-0.83%	-5.77%	-7.23%	-8.91%	-4.50%	1.66%	4.16%	8.00%	8.16%	7.20%	5.61%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $975,000K ÷ $9,246,000K
= 10.55%

CVR Energy Inc's pretax margin has shown fluctuating performance over the past eight quarters. The company's pretax margin ranged from a low of 4.29% in Q1 2022 to a high of 12.21% in Q3 2023. There was a general increasing trend from Q1 2022 to Q3 2023, indicating improving profitability before a slight decrease in Q4 2023.

The pretax margin measures the efficiency of the company in generating profits before accounting for taxes, with a higher percentage indicating better cost management and revenue generation. CVR Energy Inc's consistent positive pretax margins show its ability to increase revenue while effectively controlling costs, leading to sustainable profitability. It is crucial for investors and analysts to continue monitoring this metric to understand the company's financial health and performance.