Generac Holdings Inc (GNRC)
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 | 287,786 | 499,098 | 685,451 | 449,549 | 319,306 |
| Revenue | US$ in thousands | 3,925,040 | 4,496,170 | 3,703,400 | 2,452,210 | 2,161,870 |
| Pretax margin | 7.33% | 11.10% | 18.51% | 18.33% | 14.77% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $287,786K ÷ $3,925,040K
= 7.33%
Generac Holdings Inc's pretax margin has fluctuated over the past five years. In 2023, the pretax margin stood at 7.22%, showing a significant decrease from the prior year's margin of 11.14%. This decline may indicate a decrease in profitability before accounting for taxes. Despite this decrease, the 2023 pretax margin is still higher than the margins reported in 2019 and 2020, but lower than the margin reported in 2021. It is essential for the company to analyze the factors contributing to this decrease in pretax margin to identify opportunities for improvement in its profitability levels.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Generac Holdings Inc
GNRC
7.33%
Franklin Electric Co Inc
FELE
11.79%
Regal Beloit Corporation
RRX
-0.08%