Floor & Decor Holdings Inc (FND)
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 | 311,531 | 385,622 | 334,068 | 207,205 | 150,380 |
| Revenue | US$ in thousands | 4,406,710 | 4,256,060 | 3,431,300 | 2,421,130 | 2,039,070 |
| Pretax margin | 7.07% | 9.06% | 9.74% | 8.56% | 7.37% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $311,531K ÷ $4,406,710K
= 7.07%
Floor & Decor Holdings Inc's pretax margin has shown some fluctuations over the past five years. The pretax margin decreased from 9.06% in 2022 to 7.07% in 2023, representing a decline in profitability. However, it is worth noting that the pretax margin was relatively stable between 2020 and 2022, ranging from 8.56% to 9.06%.
The highest pretax margin was observed in 2021 at 9.74%, indicating strong profitability during that year. The lowest pretax margin in the period under review was in 2019 at 7.37%, which saw a subsequent improvement in the following years.
Overall, while there have been fluctuations in Floor & Decor Holdings Inc's pretax margin, the company has maintained profitability levels above 7% in the past five years. It is essential for stakeholders to monitor the factors influencing these fluctuations to ensure sustainable and consistent financial performance.
Peer comparison
Dec 31, 2023