Kimberly-Clark Corporation (KMB)
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 | 2,217,000 | 2,429,000 | 2,293,000 | 3,028,000 | 2,733,000 |
| Revenue | US$ in thousands | 20,400,000 | 20,175,000 | 19,400,000 | 19,140,000 | 18,450,000 |
| Pretax margin | 10.87% | 12.04% | 11.82% | 15.82% | 14.81% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $2,217,000K ÷ $20,400,000K
= 10.87%
Kimberly-Clark Corp.'s pretax margin has exhibited some fluctuations in recent years. The company's pretax margin stood at 10.85% in 2023, down from 12.17% in 2022 and 11.95% in 2021. This decline suggests a decrease in the proportion of revenue remaining after accounting for operating expenses but before taxes. Compared to the higher pretax margins of 16.05% in 2020 and 15.03% in 2019, the recent decrease may indicate challenges faced by the company in managing its operating costs efficiently or generating higher revenue relative to expenses. Further analysis would be needed to understand the specific drivers behind these changes and assess the company's overall financial performance and operational efficiency.
Peer comparison
Dec 31, 2023