Eastman Chemical Company (EMN)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,085,000 | 688,000 | 771,000 | 882,000 | 974,000 | 1,474,000 | 1,511,000 | 1,022,000 | 1,072,000 | 568,000 | 436,000 | 541,000 | 519,000 | 504,000 | 630,000 | 949,000 | 899,000 | 961,000 | 1,107,000 | 1,220,000 |
| Revenue (ttm) | US$ in thousands | 9,210,000 | 9,376,000 | 9,818,000 | 10,278,000 | 10,580,000 | 10,901,000 | 10,912,000 | 10,781,000 | 10,476,000 | 9,968,000 | 9,370,000 | 8,641,000 | 8,473,000 | 8,492,000 | 8,695,000 | 9,134,000 | 9,273,000 | 9,444,000 | 9,666,000 | 9,924,000 |
| Pretax margin | 11.78% | 7.34% | 7.85% | 8.58% | 9.21% | 13.52% | 13.85% | 9.48% | 10.23% | 5.70% | 4.65% | 6.26% | 6.13% | 5.93% | 7.25% | 10.39% | 9.69% | 10.18% | 11.45% | 12.29% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,085,000K ÷ $9,210,000K
= 11.78%
Based on the data provided, the pretax margin for Eastman Chemical Co has fluctuated over the past eight quarters. In Q4 2023, the pretax margin was 11.80%, showing an increase from the previous quarter. However, it is lower than the values seen in Q3 2022 and Q2 2022, which were particularly high at 13.56% and 13.91%, respectively.
The pretax margin in Q4 2023 was higher than the values in Q3 2023, Q2 2023, and Q1 2023, indicating an improvement in profitability. The trend over the past year shows that the pretax margin has generally been above 8%, with some quarters performing notably better than others.
It is important for Eastman Chemical Co to continue monitoring and managing its pretax margin to ensure sustainable profitability and efficient operations in the future.
Peer comparison
Dec 31, 2023