Warrior Met Coal Inc (HCC)
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 | 551,429 | 783,104 | 199,977 | -55,905 | 367,116 |
| Revenue | US$ in thousands | 1,703,690 | 1,735,450 | 1,045,640 | 784,294 | 1,279,610 |
| Pretax margin | 32.37% | 45.12% | 19.12% | -7.13% | 28.69% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $551,429K ÷ $1,703,690K
= 32.37%
Warrior Met Coal Inc's pretax margin has shown fluctuating trends over the past five years. In 2023, the pretax margin was 32.89%, which decreased from 45.04% in 2022. Despite the decrease, the company maintained a relatively healthy margin compared to previous years. The significant improvement in 2022 from 2021 indicates a boost in profitability during that period. The negative pretax margin of -7.14% in 2020 is a matter of concern, indicating that the company incurred losses before taxes during that period. However, the company managed to recover and achieve a strong pretax margin of 28.95% in 2019. Overall, Warrior Met Coal Inc's pretax margin has experienced variation, reflecting the company's operational performance and profitability over the years.
Peer comparison
Dec 31, 2023