LyondellBasell Industries NV (LYB)
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 | 2,622,000 | 4,771,000 | 6,780,000 | 1,384,000 | 4,045,000 |
| Revenue | US$ in thousands | 41,107,000 | 50,451,000 | 46,173,000 | 27,753,000 | 34,727,000 |
| Pretax margin | 6.38% | 9.46% | 14.68% | 4.99% | 11.65% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $2,622,000K ÷ $41,107,000K
= 6.38%
LyondellBasell Industries NV's pretax margin has fluctuated over the past five years. In 2021, the company achieved a relatively high pretax margin of 14.70%, indicating that it generated $0.147 in pretax profit for every $1 of revenue. This suggests strong cost management and operational efficiency during that period. However, in 2020, the pretax margin decreased to 4.99%, reflecting potential challenges or increased expenses that impacted the company's profitability.
The pretax margin recovered in 2022 to 9.47%, showing some improvement in profitability compared to the previous year. Notably, in 2019, LyondellBasell recorded a pretax margin of 11.67%, indicating solid overall performance.
The latest available data for 2023 shows a pretax margin of 6.39%, which represents a decline from the previous year. This decrease may warrant further investigation into the company's cost structure, revenue streams, or external factors influencing its profitability.
Overall, analyzing the trend in LyondellBasell's pretax margin over the past five years reveals fluctuations in profitability, highlighting the need for ongoing monitoring and strategic decision-making to sustain and improve financial performance.
Peer comparison
Dec 31, 2023