IAC Inc. (IAC)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 374,760 | -1,501,260 | 736,537 | 224,019 |
| Revenue | US$ in thousands | 4,365,240 | 5,235,280 | 3,699,630 | 2,764,540 |
| Pretax margin | 8.59% | -28.68% | 19.91% | 8.10% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $374,760K ÷ $4,365,240K
= 8.59%
The pretax margin of IAC Inc. has shown volatility over the past four years. In 2023, the pretax margin improved to 8.59%, indicating that the company's profitability before taxes increased compared to the previous year. However, in 2022, the company experienced a significant decline with a negative pretax margin of -28.68%, suggesting that expenses exceeded revenues.
In 2021, IAC Inc. had a pretax margin of 19.91%, reflecting a strong performance in generating profits before taxes. This was followed by a slightly lower pretax margin of 8.10% in 2020. Overall, the company's pretax margin fluctuated, with a mix of positive and negative margins, indicating variability in its profitability performance over the years.
Peer comparison
Dec 31, 2023