Chart Industries Inc (GTLS)
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 | 50,300 | 39,900 | 72,600 | 323,000 | 49,200 |
| Revenue | US$ in thousands | 3,031,500 | 1,594,000 | 1,300,300 | 1,389,800 | 1,274,000 |
| Pretax margin | 1.66% | 2.50% | 5.58% | 23.24% | 3.86% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $50,300K ÷ $3,031,500K
= 1.66%
The pretax margin of Chart Industries Inc has exhibited fluctuations over the past five years. In 2023, the pretax margin decreased to 1.80% from 6.11% in 2022, representing a significant decline in profitability before accounting for taxes. This decrease followed a downward trend from 2020 when the pretax margin was at 7.24%. The company experienced a peak in pretax margin in 2022, suggesting operational efficiency, but faced challenges in maintaining profitability in the subsequent year. The pretax margin in 2023 is notably lower than the margins reported in 2021 and 2020. Overall, the fluctuating trend in pretax margin indicates varying levels of profitability for Chart Industries Inc in recent years.