GATX Corporation (GATX)
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 | 317,900 | 210,700 | 196,300 | 188,600 | 252,100 |
Revenue | US$ in thousands | 1,410,900 | 1,273,000 | 1,257,400 | 1,209,200 | 1,202,100 |
Pretax margin | 22.53% | 16.55% | 15.61% | 15.60% | 20.97% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $317,900K ÷ $1,410,900K
= 22.53%
GATX Corp.'s pretax margin has shown fluctuating trends over the past five years. The company's pretax margin increased to 22.53% in 2023 from 16.55% in 2022, indicating improved profitability and effective cost management during that period. This growth marks a significant improvement compared to the previous year's marginal increase. In 2021, the pretax margin was slightly lower at 15.61%, showing stability in profitability despite a slight decrease from the prior year. The margins for 2020 and 2019 were also relatively consistent at 15.51% and 18.63%, respectively.
Overall, the upward trend in GATX Corp.'s pretax margin from 2022 to 2023 suggests the company's effectiveness in generating profits before accounting for tax expenses. This progress reflects positive financial performance and may indicate improved operational efficiency within the organization. However, it is essential to continue monitoring the pretax margin in the coming years to assess the company's ongoing financial health and sustainability.
Peer comparison
Dec 31, 2023