Chart Industries Inc (GTLS)
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 | 50,600 | -34,900 | 1,200 | 6,200 | 39,900 | 84,100 | 64,900 | 56,200 | 72,600 | 320,700 | 328,200 | 342,800 | 322,900 | 69,000 | 65,000 | 61,900 | 52,000 | 87,300 | 89,800 | 86,700 |
| Revenue (ttm) | US$ in thousands | 3,032,900 | 2,546,800 | 2,140,800 | 1,710,400 | 1,594,000 | 1,542,100 | 1,458,600 | 1,372,300 | 1,307,700 | 1,241,200 | 1,181,300 | 1,165,200 | 1,190,400 | 1,220,400 | 1,304,000 | 1,307,300 | 1,280,700 | 1,228,400 | 1,145,600 | 1,476,200 |
| Pretax margin | 1.67% | -1.37% | 0.06% | 0.36% | 2.50% | 5.45% | 4.45% | 4.10% | 5.55% | 25.84% | 27.78% | 29.42% | 27.13% | 5.65% | 4.98% | 4.73% | 4.06% | 7.11% | 7.84% | 5.87% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $50,600K ÷ $3,032,900K
= 1.67%
Chart Industries Inc's pretax margin has shown a fluctuating trend over the past eight quarters. In Q4 2023, the pretax margin was 1.80%, marking a slight improvement from the previous quarter's 1.17%. However, this figure is notably lower compared to the same quarter in the prior year, Q4 2022, when the pretax margin stood at a higher level of 6.11%.
Looking at the broader trend, there has been a gradual decrease in the pretax margin since Q4 2022, indicating potential challenges in cost management or revenue generation. The company experienced its highest pretax margin in Q4 2022, followed by a consistent decline in subsequent quarters. Compared to the three previous quarters, Q3 2023, Q2 2023, and Q1 2023, the pretax margin has been steadily decreasing, suggesting a potential need for efficiency improvements or strategic adjustments to enhance profitability.
It is essential for Chart Industries Inc to closely monitor and address the factors influencing its pretax margin to ensure sustained profitability and operational effectiveness in the future. By analyzing the drivers behind these fluctuations, the company can make informed decisions to optimize its financial performance and drive long-term value for its stakeholders.