Landstar System Inc (LSTR)
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 | 348,095 | 567,463 | 501,692 | 248,997 | 295,780 |
| Revenue | US$ in thousands | 5,303,320 | 7,436,560 | 6,537,570 | 4,132,980 | 4,084,580 |
| Pretax margin | 6.56% | 7.63% | 7.67% | 6.02% | 7.24% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $348,095K ÷ $5,303,320K
= 6.56%
The pretax margin of Landstar System Inc has shown some fluctuations over the past five years. In 2023, the pretax margin decreased to 6.56% from 7.63% in 2022. This decline may indicate a decrease in the company's profitability before accounting for taxes in the most recent year. However, compared to 2020 when the pretax margin was 6.02%, the current margin is still higher. It is worth noting that the pretax margin was at its highest in 2021 at 7.67% before experiencing a slight decline in the following years. Overall, Landstar System Inc's pretax margin has displayed variability over the past five years, and further analysis of its financial performance and operational efficiency may be required to understand the factors driving these fluctuations.
Peer comparison
Dec 31, 2023