Insteel Industries Inc (IIIN)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 28,892 | 41,755 | 66,054 | 102,419 | 146,112 | 161,727 | 162,694 | 136,499 | 105,528 | 86,103 | 62,961 | 47,778 | 34,060 | 24,170 | 12,756 | 6,915 | 2,777 | 7,455 | 21,583 | 35,697 |
| Revenue (ttm) | US$ in thousands | 600,711 | 649,214 | 702,408 | 763,864 | 817,999 | 826,223 | 790,215 | 723,780 | 649,569 | 590,694 | 556,516 | 517,734 | 493,592 | 471,587 | 446,089 | 450,346 | 447,416 | 454,662 | 464,253 | 464,751 |
| Pretax margin | 4.81% | 6.43% | 9.40% | 13.41% | 17.86% | 19.57% | 20.59% | 18.86% | 16.25% | 14.58% | 11.31% | 9.23% | 6.90% | 5.13% | 2.86% | 1.54% | 0.62% | 1.64% | 4.65% | 7.68% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $28,892K ÷ $600,711K
= 4.81%
The pretax margin is a key profitability ratio that indicates the percentage of each dollar of revenue that represents pre-tax profit. Insteel Industries Inc's pretax margin has fluctuated over the past few years, ranging from a low of 0.62% in March 2020 to a high of 20.59% in June 2022.
The trend in pretax margin shows a general increase from the beginning of 2020 to mid-2022, indicating improving profitability and efficiency in the company's operations. However, there has been a slight decline in the most recent quarters, with the pretax margin dropping to 4.81% in December 2023.
This fluctuation in the pretax margin can be influenced by various factors such as changes in revenue, cost of goods sold, operating expenses, and the overall economic environment. It is important for stakeholders to monitor this ratio closely to assess the company's profitability and operational efficiency.
Peer comparison
Dec 31, 2023