JBTMarel Corp (JBTM)
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 | 95,400 | 153,100 | 120,000 | 119,500 | 145,500 |
| Revenue | US$ in thousands | 1,716,000 | 1,664,400 | 1,590,300 | 1,400,800 | 1,727,800 |
| Pretax margin | 5.56% | 9.20% | 7.55% | 8.53% | 8.42% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $95,400K ÷ $1,716,000K
= 5.56%
The pretax margin of JBTMarel Corp has exhibited fluctuations over the period from December 31, 2020, to December 31, 2024. In 2020, the pretax margin stood at 8.42%, indicating a relatively healthy profit before taxes relative to revenue. This margin saw a slight increase in 2021, reaching 8.53%, demonstrating marginal operational improvement or cost management that supported higher profitability before taxes.
However, a decline occurred in 2022, when the pretax margin decreased to 7.55%. This reduction might suggest increased expenses, competitive pressures, or other operational challenges impacting pre-tax profitability margins. Subsequently, in 2023, the pretax margin rose notably to 9.20%, reflecting a possible recovery, improved operational efficiency, or favorable market conditions that enhanced profitability margins before taxes.
Conversely, in 2024, the pretax margin declined substantially to 5.56%. This significant decrease could indicate increased costs, lower revenue generation, or other adverse factors affecting the company's pre-tax profitability. The trend over these years underscores variability in operational performance, with the highest margin recorded in 2023 and a marked decline in 2024, highlighting the importance of examining underlying causes such as cost structures, revenue fluctuations, and market conditions that influence these margins.
Peer comparison
Dec 31, 2024