Fresh Del Monte Produce Inc (FDP)
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 | 171,300 | 6,700 | 118,700 | 82,000 | 54,200 |
| Revenue | US$ in thousands | 4,280,200 | 4,320,700 | 4,442,300 | 4,252,000 | 4,202,300 |
| Pretax margin | 4.00% | 0.16% | 2.67% | 1.93% | 1.29% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $171,300K ÷ $4,280,200K
= 4.00%
Fresh Del Monte Produce Inc's pretax margin has shown fluctuations over the past five years. In 2020, the company had a pretax margin of 1.29%, which increased to 1.93% in 2021. The margin further improved to 2.67% in 2022, demonstrating a positive trend in profitability. However, there was a significant drop in pretax margin in 2023 to 0.16%, indicating potential challenges or inefficiencies in that particular year.
Nevertheless, Fresh Del Monte Produce Inc was able to recover and improve its performance significantly in 2024, achieving a pretax margin of 4.00%. This substantial increase suggests successful cost management or revenue growth strategies implemented by the company during that year. Overall, analyzing the pretax margin data reveals both strengths and areas of potential concern in the company's financial performance over the specified period.
Peer comparison
Dec 31, 2024