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