Ecolab Inc (ECL)
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 | 1,734,800 | 1,343,400 | 1,414,200 | -1,008,900 | 1,847,500 |
| Revenue | US$ in thousands | 15,483,100 | 14,402,400 | 12,885,600 | 11,764,600 | 15,132,300 |
| Pretax margin | 11.20% | 9.33% | 10.98% | -8.58% | 12.21% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,734,800K ÷ $15,483,100K
= 11.20%
Ecolab, Inc.'s pretax margin has displayed varying trends over the past five years.
In 2019, the company achieved a relatively high pretax margin of 12.74%, indicating efficient management of expenses before accounting for taxes. However, the pretax margin declined in subsequent years, dropping to 9.85% in 2020 and further to 9.47% in 2022.
The year 2021 saw a slight improvement in Ecolab's pretax margin, increasing to 11.11%. The upward trend continued in 2023, with the pretax margin reaching 11.46%, showcasing an enhanced ability to generate profits before tax expenses.
Overall, Ecolab's pretax margin reflects fluctuations in its profitability performance over the last five years, with signs of improvement in recent years after a decline in 2020 and 2022.
Peer comparison
Dec 31, 2023