Knowles Cor (KN)
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 | 45,000 | -418,200 | 104,800 | 15,000 | 65,700 |
| Revenue | US$ in thousands | 707,600 | 764,700 | 868,100 | 764,300 | 854,800 |
| Pretax margin | 6.36% | -54.69% | 12.07% | 1.96% | 7.69% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $45,000K ÷ $707,600K
= 6.36%
Knowles Corp's pretax margin has displayed significant fluctuations over the past five years. In 2023, the pretax margin improved to 6.36%, indicating that the company generated $0.0636 in pretax profit for every dollar of sales. This represents a significant recovery compared to the negative pretax margin of -54.69% in 2022.
The 2021 pretax margin of 12.05% was notably higher than the preceding years, suggesting a strong performance in controlling expenses relative to revenue. However, this was preceded by a lower pretax margin of 1.48% in 2020. The pretax margin in 2019 was relatively healthy at 7.76%.
The fluctuations in pretax margin indicate that Knowles Corp has experienced varying levels of profitability over the years, with challenges in 2022 and improvements in subsequent years. Further analysis of the company's cost structure and revenue-generating activities may provide additional insights into the factors influencing these fluctuations.
Peer comparison
Dec 31, 2023