Quaker Chemical Corporation (KWR)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 168,333 | 64,049 | 52,838 | 25,379 | 8,994 | 100,814 | 96,615 | 129,686 | 156,308 | 180,722 | 178,418 | 125,117 | 34,362 | -3,187 | -51,422 | -26,518 | 33,706 | 39,779 | 82,485 | 85,008 |
| Revenue (ttm) | US$ in thousands | 1,882,612 | 1,892,565 | 1,899,214 | 1,897,711 | 1,880,954 | 1,865,850 | 1,827,228 | 1,779,037 | 1,740,473 | 1,678,776 | 1,593,852 | 1,442,077 | 1,384,720 | 1,398,527 | 1,359,589 | 1,286,904 | 1,125,665 | 945,852 | 846,586 | 862,335 |
| Pretax margin | 8.94% | 3.38% | 2.78% | 1.34% | 0.48% | 5.40% | 5.29% | 7.29% | 8.98% | 10.77% | 11.19% | 8.68% | 2.48% | -0.23% | -3.78% | -2.06% | 2.99% | 4.21% | 9.74% | 9.86% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $168,333K ÷ $1,882,612K
= 8.94%
Quaker Houghton's pretax margin has fluctuated over the past eight quarters, ranging from a low of 0.47% in Q4 2022 to a high of 8.62% in Q4 2023. The pretax margin measures the company's profitability before taxes as a percentage of its total revenue. The upward trend in pretax margin from Q1 2022 to Q4 2023 indicates an improvement in the company's ability to generate profits relative to its revenue. This could be attributed to various factors such as effective cost management, increased sales volume, or higher product pricing. However, it is important to monitor the trend over time to assess the sustainability of this improvement in profitability.
Peer comparison
Dec 31, 2023