Knife River Corporation (KNF)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 270,994 | 245,308 | 99,419 | 173,214 | 194,756 |
| Revenue | US$ in thousands | 2,899,000 | 2,830,350 | 2,534,730 | 2,228,930 | 2,178,000 |
| Pretax margin | 9.35% | 8.67% | 3.92% | 7.77% | 8.94% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $270,994K ÷ $2,899,000K
= 9.35%
Knife River Corporation's pretax margin has experienced fluctuations over the past five years. In December 2020, the pretax margin stood at 8.94%, reflecting a healthy profitability level. However, there was a slight decrease in December 2021 as the pretax margin dropped to 7.77%.
The performance worsened significantly in December 2022, with the pretax margin decreasing to 3.92%, indicating a downturn in profitability. The company then showed signs of recovery in December 2023, as the pretax margin improved to 8.67%.
Knife River Corporation's financial health further strengthened in December 2024, with the pretax margin reaching 9.35%, surpassing the levels seen in previous years. Overall, the pretax margin fluctuated throughout the period, highlighting the company's ability to adapt to changing market conditions and effectively manage its pre-tax profitability.
Peer comparison
Dec 31, 2024