Kraft Heinz Co (KHC)
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 | 3,642,000 | 2,961,000 | 1,696,000 | 1,025,000 | 2,663,000 |
| Revenue | US$ in thousands | 25,669,000 | 25,743,000 | 23,232,000 | 24,638,000 | 24,040,000 |
| Pretax margin | 14.19% | 11.50% | 7.30% | 4.16% | 11.08% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $3,642,000K ÷ $25,669,000K
= 14.19%
The pretax margin of Kraft Heinz Co has fluctuated over the past five years. It increased from 11.08% in 2019 to 14.19% in 2023, showing an improvement in profitability. This upward trend suggests that the company has been more effective in controlling costs and managing its operations efficiently. The pretax margin was relatively low at 4.16% in 2020 but has been steadily increasing since then. This improvement reflects positively on the company's ability to generate earnings before accounting for taxes, indicating a more sustainable profitability level. Overall, the upward trajectory of Kraft Heinz Co's pretax margin indicates positive growth and efficiency in its operational performance.
Peer comparison
Dec 31, 2023