Everus Construction Group Inc (ECG)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 156,474 | 159,669 | 143,951 |
| Revenue | US$ in thousands | 2,854,390 | 2,699,250 | 2,051,640 |
| Pretax margin | 5.48% | 5.92% | 7.02% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $156,474K ÷ $2,854,390K
= 5.48%
Over the past three years, Everus Construction Group Inc's pretax margin has shown a declining trend. The pretax margin decreased from 7.02% in 2021 to 5.92% in 2022 and further to 5.48% in 2023. This indicates that the company's ability to generate profits before taxes relative to its total revenue has been gradually decreasing. A declining pretax margin could suggest challenges in controlling operating expenses, managing costs, or generating sufficient revenue. It is essential for the company to closely monitor its cost structure and revenue generation strategies to improve profitability and ensure sustainable financial performance in the future.
Peer comparison
Dec 31, 2023