Green Plains Renewable Energy Inc (GPRE)
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 | -99,001 | -122,471 | -64,147 | -159,158 | -188,176 |
| Revenue | US$ in thousands | 3,295,740 | 3,662,850 | 2,827,170 | 1,923,720 | 2,417,240 |
| Pretax margin | -3.00% | -3.34% | -2.27% | -8.27% | -7.78% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-99,001K ÷ $3,295,740K
= -3.00%
The pretax margin of Green Plains Inc has varied over the last five years, ranging from -7.28% in 2020 to -1.50% in 2021. The company experienced negative pretax margins in each of these years, indicating that its operating expenses and other costs exceeded its revenues before accounting for taxes. Despite some fluctuations, the overall trend shows a slight improvement in pretax margin from 2020 to 2021, but a subsequent decline in the following years. The negative pretax margins suggest that Green Plains Inc may need to address its cost structure and operational efficiency to enhance profitability in the future.
Peer comparison
Dec 31, 2023