Dupont De Nemours Inc (DD)
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 | 394,000 | 6,255,000 | 6,704,000 | -2,861,000 | 496,000 |
| Revenue | US$ in thousands | 12,081,000 | 13,171,000 | 16,791,000 | 20,397,000 | 21,512,000 |
| Pretax margin | 3.26% | 47.49% | 39.93% | -14.03% | 2.31% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $394,000K ÷ $12,081,000K
= 3.26%
The pretax margin of DuPont de Nemours Inc has fluctuated over the past five years, with a noticeable decline from 2019 to 2020 and subsequent improvements in the following years. In 2020, the pretax margin was negative at -14.20%, indicating that the company had more expenses than revenue before accounting for taxes. However, by 2021, the pretax margin had increased to 13.19%, reflecting a significant turnaround in the company's profitability. This positive trend continued into 2022 with a pretax margin of 11.12%, although slightly lower than the previous year.
In 2023, the pretax margin decreased further to 4.18%, indicating a decline in profitability compared to the previous year. It is worth noting that the pretax margin can be influenced by various factors such as revenue growth, cost management, and efficiency improvements. Therefore, it is important for stakeholders to closely monitor this metric to assess the company's financial performance and its ability to generate profits before accounting for taxes.
Peer comparison
Dec 31, 2023