Exponent Inc (EXPO)

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	135,896	132,234	125,837	96,936	104,190
Revenue	US$ in thousands	536,766	513,293	466,269	399,900	417,199
Pretax margin		25.32%	25.76%	26.99%	24.24%	24.97%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $135,896K ÷ $536,766K
= 25.32%

The pretax margin of Exponent Inc has shown some fluctuation over the past five years. The pretax margin decreased from 24.97% in 2019 to 24.24% in 2020, but then increased to 26.99% in 2021, before slightly decreasing to 25.76% in 2022 and 25.32% in 2023. This indicates that the company's profitability before taxes has been relatively stable, with some slight variation in recent years. Overall, Exponent Inc has maintained a healthy level of pretax margin, demonstrating its ability to generate profits before accounting for taxes.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

Exponent Inc

EXPO

25.32%