Masco Corporation (MAS)

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 1,186,000 1,111,000 1,071,000 1,093,000 1,132,000 1,168,000 1,196,000 791,000 620,000 698,000 737,000 1,067,000 1,493,000 1,733,000 1,563,000 1,577,000 1,165,000 890,000 945,000 924,000
Revenue (ttm) US$ in thousands 7,861,000 7,896,000 8,121,000 8,341,000 8,568,000 8,318,000 8,321,000 8,159,000 7,747,000 7,958,000 7,728,000 7,303,000 7,072,000 6,851,000 6,811,000 7,316,000 7,648,000 8,050,000 8,210,000 8,228,000
Pretax margin 15.09% 14.07% 13.19% 13.10% 13.21% 14.04% 14.37% 9.69% 8.00% 8.77% 9.54% 14.61% 21.11% 25.30% 22.95% 21.56% 15.23% 11.06% 11.51% 11.23%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,186,000K ÷ $7,861,000K
= 15.09%

Masco Corp.'s pretax margin has shown variability over the past eight quarters. The pretax margin for Q4 2023 was the highest at 15.54%, indicating that the company earned $0.1554 in pretax profits for every $1 of revenue generated. This performance improved from the previous quarter, Q3 2023, when the pretax margin was 14.54%. Despite this improvement, the pretax margin fluctuated in the range of 13.61% to 15.54% over the past year. It is noteworthy that Masco Corp. experienced a significant increase in pretax margin in Q1 2022, with a reported figure of 9.97%, which then gradually increased in the subsequent quarters. This suggests that the company's profitability has been fluctuating but generally trending in a positive direction.


Peer comparison

Dec 31, 2023

Company name
Symbol
Pretax margin
Masco Corporation
MAS
15.09%
Sunrun Inc
RUN
-71.54%