Darling Ingredients Inc (DAR)
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 | 707,294 | 884,316 | 815,020 | 350,108 | 372,067 |
| Revenue | US$ in thousands | 6,543,760 | 6,399,860 | 4,676,920 | 3,496,520 | 3,274,760 |
| Pretax margin | 10.81% | 13.82% | 17.43% | 10.01% | 11.36% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $707,294K ÷ $6,543,760K
= 10.81%
The pretax margin of Darling Ingredients Inc has demonstrated fluctuations over the past five years. In 2023, the pretax margin declined to 10.81% from 13.82% in 2022 and 17.43% in 2021. This downward trend suggests a decrease in the company's ability to generate profits before accounting for taxes in 2023 compared to the previous years. However, it's important to note that the pretax margin in 2023 is still higher than the levels observed in 2020 and 2019, which were 10.01% and 11.36%, respectively. Further analysis would be required to understand the factors contributing to this fluctuation in the pretax margin over the years.
Peer comparison
Dec 31, 2023