Hayward Holdings Inc (HAYW)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 101,087 | 234,237 | 260,141 |
| Revenue | US$ in thousands | 917,868 | 1,256,620 | 1,337,320 |
| Pretax margin | 11.01% | 18.64% | 19.45% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $101,087K ÷ $917,868K
= 11.01%
The pretax margin of Hayward Holdings Inc has shown a declining trend over the past three years. It decreased from 18.56% in 2021 to 17.82% in 2022 and further dropped to 10.19% in 2023. This downward trend indicates that the company's profitability before taxes has been eroding gradually. A lower pretax margin could suggest inefficiencies in cost management, pricing strategies, or a decrease in revenue relative to expenses. It is essential for Hayward Holdings Inc to closely examine the factors contributing to this decline and implement strategies to improve profitability in order to enhance financial performance and shareholder value.
Peer comparison
Dec 31, 2023