International Seaways Inc (INSW)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 415,640 | 560,324 | 387,979 | -133,042 | -5,530 |
| Revenue | US$ in thousands | 951,613 | 1,071,780 | 864,665 | 272,546 | 421,648 |
| Pretax margin | 43.68% | 52.28% | 44.87% | -48.81% | -1.31% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $415,640K ÷ $951,613K
= 43.68%
International Seaways Inc's pretax margin showed a significant improvement over the years based on the provided data. The pretax margin was negative in December 31, 2020, at -1.31%, indicating that the company had incurred losses before tax during that period. This negative performance worsened in December 31, 2021, with a pretax margin of -48.81%, highlighting significant challenges the company faced.
However, the company managed to turn around its performance in the following years. By December 31, 2022, the pretax margin improved substantially to 44.87%, indicating a strong profitability before tax. This positive trend continued in the subsequent years, reaching 52.28% by December 31, 2023, and 43.68% by December 31, 2024.
The upward trend in pretax margin reflects the company's successful efforts to enhance its operational efficiency and revenue generation, resulting in improved profitability over the analyzed period. It indicates a positive shift in the company's financial health and management effectiveness in generating earnings before taxes.
Peer comparison
Dec 31, 2024