Darling Ingredients Inc (DAR)
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 | 707,294 | 810,087 | 926,721 | 882,955 | 884,316 | 883,297 | 846,450 | 848,682 | 815,020 | 676,460 | 592,948 | 426,772 | 350,108 | 573,308 | 503,942 | 452,591 | 372,067 | 142,578 | 98,567 | 35,796 |
| Revenue (ttm) | US$ in thousands | 6,537,880 | 6,817,070 | 6,938,130 | 6,823,800 | 6,402,280 | 6,008,080 | 5,446,680 | 4,998,880 | 4,679,450 | 4,377,748 | 4,041,368 | 3,690,927 | 3,499,347 | 3,409,387 | 3,402,572 | 3,369,843 | 3,349,524 | 3,343,226 | 3,314,219 | 3,303,513 |
| Pretax margin | 10.82% | 11.88% | 13.36% | 12.94% | 13.81% | 14.70% | 15.54% | 16.98% | 17.42% | 15.45% | 14.67% | 11.56% | 10.00% | 16.82% | 14.81% | 13.43% | 11.11% | 4.26% | 2.97% | 1.08% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $707,294K ÷ $6,537,880K
= 10.82%
The pretax margin for Darling Ingredients Inc has shown some fluctuations over the past five years. The trend indicates a general decrease from a high of 17.42% in March 2022 to a low of 1.08% in March 2019, followed by a gradual increase to 13.36% in June 2023. Overall, the company's pretax margin has experienced volatility but has generally been in the double-digit range in recent quarters, with the latest figure standing at 10.82% as of December 31, 2023. This suggests that the company is generating a reasonable level of profit before accounting for taxes for each dollar of revenue.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Darling Ingredients Inc
DAR
10.82%
Archer-Daniels-Midland Company
ADM
4.59%