Innospec Inc (IOSP)
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 | 174,300 | 184,600 | 134,300 | 39,600 | 150,300 |
| Revenue | US$ in thousands | 1,948,800 | 1,963,700 | 1,483,400 | 1,192,300 | 1,512,300 |
| Pretax margin | 8.94% | 9.40% | 9.05% | 3.32% | 9.94% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $174,300K ÷ $1,948,800K
= 8.94%
The pretax margin of Innospec Inc has displayed fluctuating trends over the past five years. In 2023, the pretax margin decreased to 8.95% from 9.40% in 2022 and 9.06% in 2021, but it was significantly higher compared to 3.33% in 2020. The pretax margin was closest to the 2023 level in 2019 when it stood at 9.94%.
These fluctuations suggest that the company's profitability before taxes has varied over the years, possibly influenced by factors such as changes in revenue, expenses, or cost management strategies. Further analysis of the company's financial performance and operational efficiency would be beneficial to better understand the reasons behind these fluctuations in pretax margin.
Peer comparison
Dec 31, 2023