Quaker Chemical Corporation (KWR)
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 | 168,333 | 8,994 | 156,308 | 34,362 | 33,706 |
| Revenue | US$ in thousands | 1,882,550 | 1,894,680 | 1,740,470 | 1,384,720 | 1,116,840 |
| Pretax margin | 8.94% | 0.47% | 8.98% | 2.48% | 3.02% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $168,333K ÷ $1,882,550K
= 8.94%
The pretax margin of Quaker Houghton has shown fluctuations over the past five years, ranging from as low as 0.47% in Dec 31, 2022, to a peak of 8.88% in Dec 31, 2021. The pretax margin represents the company's efficiency in generating profits before taxes relative to its total revenue. The recent pretax margin of 8.62% in Dec 31, 2023, appears to have rebounded strongly from the previous year, indicating an improvement in the company's profitability. However, it is essential to assess the factors contributing to this increase to determine its sustainability and potential impact on the company's financial health and performance in the future.
Peer comparison
Dec 31, 2023