Installed Building Products Inc (IBP)
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 | 333,100 | 303,307 | 155,475 | 131,177 | 92,605 |
| Revenue | US$ in thousands | 2,742,600 | 2,629,690 | 1,935,880 | 1,623,720 | 1,479,940 |
| Pretax margin | 12.15% | 11.53% | 8.03% | 8.08% | 6.26% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $333,100K ÷ $2,742,600K
= 12.15%
Installed Building Products Inc has demonstrated a consistent improvement in its pretax margin over the past five years, with the metric steadily increasing from 6.13% in 2019 to 11.99% in 2023. This upward trend indicates the company's ability to effectively manage costs and generate higher levels of profitability before accounting for taxes. The rise in pretax margin suggests improved operational efficiency and effectiveness in controlling expenses relative to revenue. Overall, the company's performance in this aspect reflects a positive trajectory in its financial health and management effectiveness.
Peer comparison
Dec 31, 2023