Deluxe Corporation (DLX)
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 | 39,692 | 84,243 | 93,664 | 26,712 | -215,740 |
| Revenue | US$ in thousands | 2,192,260 | 2,238,010 | 2,022,200 | 1,790,780 | 2,008,720 |
| Pretax margin | 1.81% | 3.76% | 4.63% | 1.49% | -10.74% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $39,692K ÷ $2,192,260K
= 1.81%
The pretax margin of Deluxe Corp. has fluctuated over the past five years. In 2023, the pretax margin decreased to 1.82% from 3.77% in 2022. This decline may indicate a decrease in profitability before accounting for taxes. However, in 2023, the pretax margin remains positive, which is an improvement compared to 2019 when it was at -9.24%. It is worth noting that compared to 2021, where the pretax margin was at 4.64%, there has been a significant decrease. Further analysis of the company's financial performance and factors affecting its profitability would be needed to fully understand the reasons behind these fluctuations in the pretax margin.