Mativ Holdings Inc. (MATV)
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 | -281,200 | -431,400 | -37,300 | -23,000 | -9,200 | 18,000 | 65,300 | 54,200 | 79,500 | 66,200 | 81,800 | 103,400 | 102,200 | 106,600 | 108,200 | 107,000 | 101,000 | 85,900 | 90,400 | 99,200 |
| Revenue (ttm) | US$ in thousands | 2,204,600 | 2,392,000 | 2,560,900 | 2,326,800 | 2,069,000 | 1,839,000 | 1,557,000 | 1,515,700 | 1,408,700 | 1,297,700 | 1,200,900 | 1,082,300 | 1,051,600 | 1,010,700 | 988,900 | 997,600 | 993,200 | 1,003,400 | 1,014,000 | 1,029,600 |
| Pretax margin | -12.76% | -18.04% | -1.46% | -0.99% | -0.44% | 0.98% | 4.19% | 3.58% | 5.64% | 5.10% | 6.81% | 9.55% | 9.72% | 10.55% | 10.94% | 10.73% | 10.17% | 8.56% | 8.92% | 9.63% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-281,200K ÷ $2,204,600K
= -12.76%
The pretax margin of Mativ Holdings Inc has shown some fluctuations over the previous eight quarters. In Q4 2023, the pretax margin decreased significantly to -23.74%, indicating that the company's pre-tax profits were insufficient to cover its operating expenses and non-operating costs. This decrease follows a similarly negative trend from Q3 2023, where the pretax margin was -17.97%.
Comparing the recent quarters to Q2 and Q1 2023, significant improvements can be seen as the pretax margins were closer to breakeven at -1.76% and -1.35% respectively. These figures still suggest limited profitability before taking into account taxes and non-operational expenses.
In Q4 2022, Q3 2022, Q2 2022, and Q1 2022, Mativ Holdings Inc had positive pretax margins, with values ranging from 0.93% to 4.06%. This demonstrates that the company was more profitable in those quarters compared to the more recent ones.
Overall, the downward trend in pretax margin over the past two quarters suggests potential challenges in generating profits and managing costs effectively for Mativ Holdings Inc. Further analysis of the company's financial performance and operating efficiency may be warranted to address these declining margins.
Peer comparison
Dec 31, 2023