Keurig Dr Pepper Inc (KDP)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 2,757,000 | 2,416,000 | 1,936,000 | 1,536,000 | 1,720,000 | 2,271,000 | 2,766,000 | 3,166,000 | 2,799,000 | 2,248,000 | 2,153,000 | 1,946,000 | 1,753,000 | 1,745,000 | 1,574,000 | 1,584,000 | 1,694,000 | 1,502,000 | 1,284,000 | 964,000 |
| Revenue (ttm) | US$ in thousands | 14,303,000 | 14,206,000 | 14,054,000 | 13,647,000 | 13,249,000 | 13,493,000 | 13,211,000 | 13,017,000 | 12,737,000 | 11,774,000 | 11,512,000 | 11,201,000 | 11,024,000 | 10,824,000 | 10,664,000 | 10,601,000 | 10,457,000 | 10,315,000 | 10,308,000 | 9,509,000 |
| Pretax margin | 19.28% | 17.01% | 13.78% | 11.26% | 12.98% | 16.83% | 20.94% | 24.32% | 21.98% | 19.09% | 18.70% | 17.37% | 15.90% | 16.12% | 14.76% | 14.94% | 16.20% | 14.56% | 12.46% | 10.14% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,757,000K ÷ $14,303,000K
= 19.28%
The pretax margin for Keurig Dr Pepper Inc fluctuated over the past eight quarters, ranging from a low of 10.71% in Q1 2023 to a high of 24.61% in Q1 2022. In general, the pretax margin has shown a decreasing trend since Q1 2022, indicating a decline in the company's ability to generate profits before accounting for taxes. The recent pretax margin of 18.61% in Q4 2023 represents an improvement compared to the previous quarter, but it is still lower than the levels observed in the earlier periods. Further analysis of the company's financial performance and cost management strategies may be needed to understand the underlying factors influencing the pretax margin dynamics.
Peer comparison
Dec 31, 2023