Generac Holdings Inc (GNRC)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 287,786 | 245,772 | 235,831 | 376,911 | 499,098 | 578,026 | 672,343 | 643,556 | 685,451 | 685,947 | 668,786 | 580,006 | 449,549 | 368,579 | 317,197 | 313,364 | 319,306 | 331,830 | 332,040 | 322,898 |
| Revenue (ttm) | US$ in thousands | 3,949,805 | 3,935,365 | 3,962,145 | 4,264,295 | 4,525,680 | 4,543,520 | 4,405,498 | 4,039,517 | 3,712,928 | 3,406,940 | 3,165,481 | 2,792,968 | 2,460,119 | 2,289,969 | 2,187,141 | 2,179,689 | 2,172,908 | 2,145,380 | 2,104,640 | 2,055,791 |
| Pretax margin | 7.29% | 6.25% | 5.95% | 8.84% | 11.03% | 12.72% | 15.26% | 15.93% | 18.46% | 20.13% | 21.13% | 20.77% | 18.27% | 16.10% | 14.50% | 14.38% | 14.69% | 15.47% | 15.78% | 15.71% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $287,786K ÷ $3,949,805K
= 7.29%
Generac Holdings Inc's pretax margin has shown a decreasing trend over the past eight quarters, starting from 16.03% in Q1 2022 to 7.22% in Q4 2023. This indicates that the company's profitability before taxes has been gradually declining. The average pretax margin over the period of Q1 2022 to Q4 2023 is approximately 9.89%.
The decrease in pretax margin may suggest that Generac Holdings Inc is experiencing challenges in controlling its operating expenses or facing pricing pressures that are impacting its profitability. Investors and stakeholders should closely monitor the company's cost structure and revenue generation strategies to assess the sustainability of its financial performance.
Peer comparison
Dec 31, 2023