Keurig Dr Pepper Inc (KDP)
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 | 2,757,000 | 1,720,000 | 2,799,000 | 1,753,000 | 1,694,000 |
| Revenue | US$ in thousands | 14,271,000 | 13,190,000 | 12,701,000 | 11,130,000 | 10,500,000 |
| Pretax margin | 19.32% | 13.04% | 22.04% | 15.75% | 16.13% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $2,757,000K ÷ $14,271,000K
= 19.32%
The pretax margin of Keurig Dr Pepper Inc has exhibited fluctuations over the past five years. In 2023, the pretax margin stood at 18.61%, marking a significant increase from the previous year's 12.23%. This improvement indicates that the company was able to generate higher profits relative to its total revenue before accounting for taxes in 2023. However, it is worth noting that the pretax margin in 2023 was lower than the levels seen in 2021 and 2019, where it reached 22.06% and 15.23%, respectively.
The upward trend in 2023 suggests that the company may have effectively managed its expenses or increased its revenue streams to enhance profitability. The volatility in the pretax margin highlights the importance of monitoring and analyzing financial performance metrics to understand the underlying factors driving changes in profitability.
Peer comparison
Dec 31, 2023