DXP Enterprises Inc (DXPE)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 84,971 | 77,076 | 75,282 | 78,138 | 75,019 | 72,669 | 68,872 | 62,479 | 65,904 | 55,246 | 43,476 | 33,548 | 19,086 | 4,649 | -46,640 | -53,488 | -47,515 | -32,529 | 29,145 | 44,232 |
| Revenue (ttm) | US$ in thousands | 1,802,040 | 1,738,170 | 1,684,484 | 1,666,968 | 1,678,600 | 1,677,851 | 1,645,916 | 1,585,688 | 1,480,832 | 1,367,686 | 1,269,866 | 1,187,570 | 1,113,775 | 1,053,315 | 984,014 | 949,899 | 1,005,266 | 1,068,045 | 1,175,030 | 1,256,947 |
| Pretax margin | 4.72% | 4.43% | 4.47% | 4.69% | 4.47% | 4.33% | 4.18% | 3.94% | 4.45% | 4.04% | 3.42% | 2.82% | 1.71% | 0.44% | -4.74% | -5.63% | -4.73% | -3.05% | 2.48% | 3.52% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $84,971K ÷ $1,802,040K
= 4.72%
The pretax margin of DXP Enterprises Inc has shown fluctuations over the past few years.
From March 2020 to December 2020, the pretax margin was negative, indicating that the company's total expenses exceeded its pre-tax income during that period. This may suggest inefficiency or financial challenges impacting the company's profitability.
However, from March 2021 onwards, the pretax margin started to improve, turning positive in September 2021. This shift could indicate potential cost management efforts, revenue growth, or operational improvements that positively impacted the company's profitability.
From September 2021 to December 2024, the pretax margin continued to increase steadily, reaching a peak of 4.72% by December 2024. This trend signals a more efficient operation and a stronger financial position for DXP Enterprises Inc.
Overall, the company's pretax margin has displayed a positive trajectory in recent years, showcasing an improvement in profitability and operational efficiency. Continued monitoring of this metric will be essential to assess the company's financial health and performance.
Peer comparison
Dec 31, 2024