Graham Holdings Co (GHC)
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 | 292,588 | 118,379 | 448,375 | 407,665 | 426,455 |
| Revenue | US$ in thousands | 4,394,680 | 3,881,520 | 3,193,800 | 3,072,330 | 2,932,100 |
| Pretax margin | 6.66% | 3.05% | 14.04% | 13.27% | 14.54% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $292,588K ÷ $4,394,680K
= 6.66%
The pretax margin of Graham Holdings Co. has shown fluctuations over the past five years. The company's pretax margin was 6.77% as of December 31, 2023, which reflects an improvement compared to the previous year when it was 3.10%. However, it is notably lower than the levels seen in 2021, 2020, and 2019, where the pretax margins were 14.11%, 14.10%, and 14.55% respectively.
These fluctuations in the pretax margin may indicate changes in the company's operating efficiency, cost structure, revenue generation, or economic conditions impacting its profitability. Further analysis would be necessary to understand the specific factors driving these fluctuations and to assess the company's overall financial performance.
Peer comparison
Dec 31, 2023