LyondellBasell Industries NV (LYB)
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 | 2,053,000 | 2,831,000 | 2,657,000 | 3,776,000 | 4,771,000 | 5,245,000 | 6,733,000 | 7,276,000 | 6,780,000 | 6,813,000 | 4,588,000 | 2,305,000 | 1,384,000 | 1,242,000 | 2,354,000 | 3,244,000 | 4,045,000 | 4,084,000 | 4,328,000 | 4,789,000 |
| Revenue (ttm) | US$ in thousands | 41,107,000 | 41,384,000 | 43,009,000 | 47,541,000 | 50,451,000 | 53,075,000 | 53,525,000 | 50,248,000 | 46,173,000 | 41,280,000 | 35,356,000 | 29,341,000 | 27,753,000 | 27,995,000 | 29,941,000 | 33,443,000 | 34,727,000 | 35,424,000 | 36,857,000 | 38,015,000 |
| Pretax margin | 4.99% | 6.84% | 6.18% | 7.94% | 9.46% | 9.88% | 12.58% | 14.48% | 14.68% | 16.50% | 12.98% | 7.86% | 4.99% | 4.44% | 7.86% | 9.70% | 11.65% | 11.53% | 11.74% | 12.60% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,053,000K ÷ $41,107,000K
= 4.99%
To analyze LyondellBasell Industries NV's pretax margin over the period provided, we note a declining trend from Q1 2022 to Q4 2023. The pretax margin stood at 14.49% in Q1 2022, declining to 6.39% in Q4 2023. This downward trend signals a decrease in the company's profitability before taxes, indicating challenges potentially impacting its operating efficiency or cost management. Factors such as increased operating expenses, lower revenue generation, or pricing pressures could be influencing this decline. Further investigation into the company's financial health and strategic initiatives may be warranted to address and reverse this negative trend.
Peer comparison
Dec 31, 2023