Heartland Express Inc (HTLD)
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 | 19,853 | 181,091 | 106,047 | 94,261 | 97,178 |
| Revenue | US$ in thousands | 1,207,460 | 967,996 | 607,284 | 645,262 | 596,815 |
| Pretax margin | 1.64% | 18.71% | 17.46% | 14.61% | 16.28% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $19,853K ÷ $1,207,460K
= 1.64%
The pretax margin of Heartland Express, Inc. has varied over the past five years. In 2023, the pretax margin was at 1.64%, showing a significant decrease compared to the previous year where it stood at 18.71%. This notable decline in the pretax margin suggests a decrease in the company's profitability before accounting for taxes in 2023. It is important for stakeholders to further investigate the reasons behind this decline to understand the factors impacting the company's financial performance. The company's pretax margin in 2023 is notably lower than the margins in 2021 and 2020, which were 17.46% and 14.61%, respectively. However, it is slightly lower than the pretax margin in 2019, which was 16.28%. This fluctuation in the pretax margin over the years may indicate changes in the company's cost structure, revenue generation, and overall financial health.
Peer comparison
Dec 31, 2023