EOG Resources Inc (EOG)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 8,218,000 | 9,689,000 | 9,901,000 | 5,933,000 | -739,054 |
| Revenue | US$ in thousands | 23,378,000 | 23,273,000 | 29,492,000 | 19,669,000 | 9,873,240 |
| Pretax margin | 35.15% | 41.63% | 33.57% | 30.16% | -7.49% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $8,218,000K ÷ $23,378,000K
= 35.15%
The pretax margin of EOG Resources Inc has shown a significant improvement over the last few years, increasing steadily from -7.49% in December 2020 to 35.15% in December 2024. This indicates that the company has been able to effectively control its operating costs and generate higher profits before accounting for taxes. The positive trend in pretax margin demonstrates the company's ability to efficiently manage its expenses and achieve a stronger overall financial performance. Overall, the increasing pretax margin reflects EOG Resources Inc's improved profitability and operational efficiency during the period under review.
Peer comparison
Dec 31, 2024