Hub Group Inc (HUBG)
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 | 209,204 | 467,958 | 230,910 | 96,100 | 143,870 |
| Revenue | US$ in thousands | 4,197,040 | 5,358,280 | 4,244,580 | 3,485,460 | 3,658,380 |
| Pretax margin | 4.98% | 8.73% | 5.44% | 2.76% | 3.93% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $209,204K ÷ $4,197,040K
= 4.98%
The pretax margin of Hub Group, Inc. has fluctuated over the past five years. The pretax margin was 4.98% in 2023, a decrease from 8.76% in 2022 but still higher than the 5.46% reported in 2021. The pretax margin in 2020 was 2.75%, lower than the current year but higher than 2019 when it was 3.92%.
Overall, the pretax margin of Hub Group, Inc. has shown variability in recent years, with 2022 standing out as a particularly strong year in terms of profitability before taxes. It is important for stakeholders to monitor this metric closely to assess the company's efficiency in generating profits before tax expenses.
Peer comparison
Dec 31, 2023