KBR Inc (KBR)
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 | -170,000 | 282,000 | 138,000 | -35,000 | 261,000 |
| Revenue | US$ in thousands | 6,834,000 | 6,496,000 | 7,249,000 | 5,767,000 | 5,639,000 |
| Pretax margin | -2.49% | 4.34% | 1.90% | -0.61% | 4.63% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-170,000K ÷ $6,834,000K
= -2.49%
The pretax margin of KBR Inc has fluctuated over the past five years. In 2023, the pretax margin was negative at -2.49%, indicating that the company incurred more expenses than generated revenues before accounting for taxes. This represents a decrease from the previous year's pretax margin of 4.34%, marking a significant decline in profitability.
In 2022 and 2021, KBR Inc had positive pretax margins of 4.34% and 1.90%, respectively, demonstrating the company's ability to generate profits before tax expenses. However, the pretax margin declined in 2021 compared to the prior year, indicating a decrease in profitability efficiency.
In 2020, the company experienced a negative pretax margin of -0.61%, suggesting that KBR Inc faced challenges in managing costs and generating profits during that period. This negative pretax margin improved in 2019, rising to 4.63%, indicating a more profitable performance compared to the preceding year.
Overall, the pretax margin of KBR Inc has shown fluctuations over the past five years, with variations in profitability levels. Negative pretax margins indicate financial challenges, while positive margins reflect the company's ability to generate profits before tax expenses. It is essential for KBR Inc to closely monitor its pretax margin and implement strategies to enhance profitability and financial performance in the future.
Peer comparison
Dec 31, 2023