DXP Enterprises Inc (DXPE)
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 | 86,931 | 65,954 | 19,927 | -47,965 | 48,219 |
| Revenue | US$ in thousands | 1,624,650 | 1,451,700 | 1,093,110 | 982,407 | 1,247,510 |
| Pretax margin | 5.35% | 4.54% | 1.82% | -4.88% | 3.87% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $86,931K ÷ $1,624,650K
= 5.35%
The pretax margin of DXP Enterprises Inc has exhibited fluctuations over the past five years. The pretax margin increased from -4.88% in 2020 to 5.35% in 2023, demonstrating a significant recovery. This improvement suggests that the company has effectively managed its operating expenses and generated higher revenues relative to costs before accounting for taxes. Despite experiencing some volatility, the upward trend in pretax margin indicates enhanced operational efficiency and profitability for DXP Enterprises Inc in recent years.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
DXP Enterprises Inc
DXPE
5.35%
MSC Industrial Direct Company Inc
MSM
9.04%