Alphabet Inc Class C (GOOG)
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 | 85,717,000 | 71,328,000 | 90,734,000 | 48,082,000 | 39,625,000 |
| Revenue | US$ in thousands | 305,559,000 | 281,279,000 | 257,637,000 | 182,527,000 | 161,857,000 |
| Pretax margin | 28.05% | 25.36% | 35.22% | 26.34% | 24.48% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $85,717,000K ÷ $305,559,000K
= 28.05%
Alphabet Inc's pretax margin has shown fluctuations over the past five years. In 2023, the pretax margin increased to 27.89%, compared to 25.22% in 2022. This indicates that the company's profitability before taxes improved during the most recent year. However, in 2021, there was a significant drop in the pretax margin to 35.22% from 26.34% in 2020. Despite this decline, the pretax margin in 2021 remained relatively high compared to previous years, showcasing strong profitability. In 2020, there was a slight increase from 2019, where the pretax margin was 24.48%. Overall, Alphabet Inc has maintained a healthy level of profitability before taxes, with some variability in the pretax margin over the past five years.
Peer comparison
Dec 31, 2023