Frontier Communications Parent Inc (FYBR)
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 | 117,000 | 599,000 | 4,905,000 | -486,000 | -6,522,000 |
| Revenue | US$ in thousands | 5,751,000 | 5,787,000 | 6,411,000 | 7,155,000 | 8,107,000 |
| Pretax margin | 2.03% | 10.35% | 76.51% | -6.79% | -80.45% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $117,000K ÷ $5,751,000K
= 2.03%
Frontier Communications Parent Inc's pretax margin has displayed significant fluctuations over the past five years. In 2023, the pretax margin stands at 2.03%, marking a substantial decline from the prior year's 10.35%. The company experienced a remarkable performance in 2021 with a pretax margin of 76.51%, signaling strong profitability. However, in 2020, Frontier Communications Parent Inc recorded a negative pretax margin of -6.79%, indicating that expenses exceeded revenues before accounting for taxes. The most significant decline in pretax margin was observed in 2019, plummeting to -80.45%.
The downward trend in pretax margin from 2021 to 2023 raises concerns about the company's operational efficiency and cost management strategies. Further analysis of the underlying factors contributing to these fluctuations in profitability is necessary to understand the financial health and sustainability of Frontier Communications Parent Inc.
Peer comparison
Dec 31, 2023