Kelly Services A Inc (KELYA)
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 | 24,900 | -70,400 | 191,200 | -106,000 | 112,800 |
| Revenue | US$ in thousands | 4,834,000 | 4,948,800 | 4,905,600 | 4,506,800 | 5,355,600 |
| Pretax margin | 0.52% | -1.42% | 3.90% | -2.35% | 2.11% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $24,900K ÷ $4,834,000K
= 0.52%
The pretax margin of Kelly Services, Inc. has fluctuated over the past five years. In 2023, the pretax margin improved to 0.51%, indicating that the company generated a higher percentage of pre-tax profit from its revenues compared to the previous year when it was -1.42%. In 2022, the pretax margin was at 3.89%, showing strong profitability. However, in 2021 and 2019, the company experienced negative pretax margins of -2.35% and -2.11% respectively, indicating that expenses exceeded operating income during those years. Overall, the pretax margin trend suggests variability in the company's ability to efficiently convert revenue into pre-tax profit across the years analyzed.
Peer comparison
Dec 31, 2023