Kraft Heinz Co (KHC)
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 | 3,642,000 | 3,746,000 | 3,820,000 | 3,045,000 | 2,961,000 | 1,385,000 | 1,719,000 | 1,963,000 | 1,696,000 | 3,502,000 | 3,531,000 | 1,186,000 | 1,025,000 | 67,000 | 325,000 | 2,579,000 | 2,663,000 | -12,077,000 | -12,420,000 | -11,910,000 |
| Revenue (ttm) | US$ in thousands | 25,904,000 | 26,385,000 | 26,412,000 | 26,384,000 | 25,729,000 | 23,928,000 | 23,469,000 | 23,040,000 | 23,202,000 | 24,866,000 | 25,001,000 | 25,170,000 | 25,036,000 | 24,643,000 | 24,255,000 | 24,180,000 | 24,202,000 | 24,222,000 | 24,591,000 | 24,854,000 |
| Pretax margin | 14.06% | 14.20% | 14.46% | 11.54% | 11.51% | 5.79% | 7.32% | 8.52% | 7.31% | 14.08% | 14.12% | 4.71% | 4.09% | 0.27% | 1.34% | 10.67% | 11.00% | -49.86% | -50.51% | -47.92% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,642,000K ÷ $25,904,000K
= 14.06%
The pretax margin of Kraft Heinz Co has exhibited fluctuations over the provided time period, ranging from negative figures to double-digit percentages. In recent quarters, the pretax margin has shown an improving trend, with percentages in the mid-teens in the latter half of 2023 compared to lower single digits in the first half of the year. This indicates that the company's ability to generate operating profits before accounting for taxes has strengthened, potentially driven by cost management efforts or revenue growth. However, it is important to note that there have been periods of significant volatility in the pretax margin, highlighting potential challenges in maintaining consistent profitability levels.
Peer comparison
Dec 31, 2023