Koppers Holdings Inc (KOP)

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	124,000	95,000	119,700	143,000	66,600
Revenue	US$ in thousands	2,083,200	1,935,700	1,638,100	1,620,200	1,710,300
Pretax margin		5.95%	4.91%	7.31%	8.83%	3.89%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $124,000K ÷ $2,083,200K
= 5.95%

The pretax margin of Koppers Holdings Inc has shown variability over the past five years. The pretax margin has ranged from 3.89% in 2019 to 7.12% in 2021, indicating fluctuations in the company's ability to generate profits before taxes relative to its total revenue. The pretax margin for 2023 stands at 5.78%, representing a moderate increase from the previous year but a decline from the peak in 2021. This suggests that the company has been able to maintain a decent level of profitability relative to its revenue, although there may be room for improvement in optimizing its pre-tax earnings efficiency.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

Koppers Holdings Inc

KOP

5.95%

Louisiana-Pacific Corporation