Manhattan Associates Inc (MANH)
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 | 213,671 | 158,121 | 134,072 | 113,776 | 116,077 |
| Revenue | US$ in thousands | 932,692 | 769,284 | 664,197 | 585,552 | 619,801 |
| Pretax margin | 22.91% | 20.55% | 20.19% | 19.43% | 18.73% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $213,671K ÷ $932,692K
= 22.91%
The pretax margin of Manhattan Associates, Inc. has shown a positive trend over the past five years, increasing from 18.78% in 2019 to 23.01% in 2023. This indicates that the company has been able to improve its profitability before tax expenses relative to its total revenue. The steady growth in pretax margin reflects the company's ability to effectively manage its operating expenses and generate higher profits from its operations. Overall, the rising pretax margin suggests that Manhattan Associates, Inc. has been successful in maintaining and enhancing its operational efficiency and financial performance over the years.
Peer comparison
Dec 31, 2023