Graphic Packaging Holding Company (GPK)
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 | 933,000 | 716,000 | 278,000 | 209,000 | 283,000 |
| Revenue | US$ in thousands | 9,428,000 | 9,440,000 | 7,156,000 | 6,560,000 | 6,160,000 |
| Pretax margin | 9.90% | 7.58% | 3.88% | 3.19% | 4.59% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $933,000K ÷ $9,428,000K
= 9.90%
The pretax margin of Graphic Packaging Holding Co has shown a positive trend over the past five years, indicating an improvement in the company's ability to generate profits before taxes relative to its total revenue. The pretax margin increased from 5.75% in 2019 to 9.90% in 2023, showcasing a significant growth in profitability. This trend suggests that the company has been more effective in managing its costs and operating expenses to enhance its bottom line. The consistent improvement in pretax margin reflects positively on the company's financial performance and operational efficiency over the years.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Graphic Packaging Holding Company
GPK
9.90%
Packaging Corp of America
PKG
13.14%
Smurfit WestRock plc
SW
9.36%
Sonoco Products Company
SON
9.04%