HNI Corp (HNI)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 179,300 | 64,800 | 146,400 | 78,300 | 54,400 |
| Revenue | US$ in thousands | 2,526,400 | 2,434,000 | 2,361,800 | 2,184,400 | 1,948,370 |
| Pretax margin | 7.10% | 2.66% | 6.20% | 3.58% | 2.79% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $179,300K ÷ $2,526,400K
= 7.10%
The pretax margin of HNI Corp has shown varying trends over the past five years. In 2020, the pretax margin stood at 2.79%, indicating that for every dollar of revenue, the company generated a profit of approximately 2.79 cents before taxes.
Subsequently, there was an improvement in 2021 with the pretax margin increasing to 3.58%, showcasing a positive trend in profitability. This was followed by a significant surge in 2022, where the pretax margin climbed to 6.20%, signifying a substantial increase in the company's ability to generate profits before taxes.
However, there was a slight dip in the pretax margin in 2023 as it decreased to 2.66%, possibly indicating some challenges faced by the company during that period.
The most recent data for 2024 shows a notable improvement in the pretax margin, reaching 7.10%, which highlights a strong performance in terms of profitability for the company in that year.
Overall, the pretax margin trend for HNI Corp has been mixed over the five-year period, with fluctuations reflecting the company's ability to efficiently manage its costs and generate profits before tax implications.