Kellanova (K)
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 | 1,654,000 | 1,040,000 | 902,000 | 1,452,000 | 1,601,000 |
| Revenue | US$ in thousands | 12,749,000 | 13,122,000 | 12,653,000 | 11,747,000 | 13,770,000 |
| Pretax margin | 12.97% | 7.93% | 7.13% | 12.36% | 11.63% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,654,000K ÷ $12,749,000K
= 12.97%
Kellanova's pretax margin has shown some variability over the past five years. It was 11.63% in December 2020 and increased to 12.36% by December 2021, reflecting a positive trend in the company's profitability before considering taxes. However, in December 2022, there was a notable decrease to 7.13%, indicating a potential dip in operational efficiency or increased costs impacting profitability.
The pretax margin slightly improved to 7.93% by December 2023, suggesting some recovery from the previous year's decline. Notably, there was a significant surge in pretax margin to 12.97% in December 2024, showcasing a strong performance and enhanced profitability for Kellanova.
Overall, while the pretax margin has experienced fluctuations, the company appears to have managed to maintain a relatively healthy level of profitability, with a particularly notable improvement in the most recent year. Further analysis would be needed to understand the specific factors driving these changes and to assess the sustainability of this positive trend.
Peer comparison
Dec 31, 2024