Hexcel Corporation (HXL)
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 | 117,800 | 157,900 | 22,000 | -29,300 | 383,400 |
| Revenue | US$ in thousands | 1,758,000 | 1,541,500 | 1,286,400 | 1,460,600 | 2,310,200 |
| Pretax margin | 6.70% | 10.24% | 1.71% | -2.01% | 16.60% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $117,800K ÷ $1,758,000K
= 6.70%
The pretax margin of Hexcel Corp. has varied over the past five years. In 2023, the pretax margin decreased to 6.58% from 10.01% in 2022. This decline suggests that the company's profitability before taxes decreased in 2023 compared to the previous year. In 2021, Hexcel Corp. had a pretax margin of 1.66%, indicating a slight improvement from the negative pretax margin of -1.95% in 2020. The significant increase in pretax margin to 16.28% in 2019 reflects a strong profitability performance that year. Overall, the trend in pretax margin for Hexcel Corp. shows fluctuations, indicating varying levels of profitability over the analyzed period.
Peer comparison
Dec 31, 2023