Mister Car Wash, Inc. Common Stock (MCW)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 102,667 | 103,041 | 145,824 | -47,138 | 77,171 |
| Revenue | US$ in thousands | 994,727 | 927,070 | 876,506 | 758,357 | 574,941 |
| Pretax margin | 10.32% | 11.11% | 16.64% | -6.22% | 13.42% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $102,667K ÷ $994,727K
= 10.32%
The pretax margin of Mister Car Wash, Inc. Common Stock witnessed fluctuations over the five-year period presented. In December 31, 2020, the pretax margin stood at 13.42%, indicating that for each dollar of revenue generated, the company retained $0.1342 before accounting for income taxes. However, by December 31, 2021, the pretax margin turned negative at -6.22%, suggesting that the company's expenses and taxes outweighed its income for that period.
The following year, by December 31, 2022, the pretax margin experienced a significant increase to 16.64%, reflecting improved operational efficiency and profitability. In the subsequent years, the pretax margin decreased slightly to 11.11% by December 31, 2023, and further to 10.32% by December 31, 2024. These declines may indicate increased costs, changes in revenue mix, or other factors impacting the company's profitability.
Overall, the trend in pretax margin for Mister Car Wash, Inc. Common Stock demonstrates variability in its ability to generate profits before taxes over the five-year period, with notable fluctuations in performance from year to year. It would be prudent to further investigate the reasons behind these fluctuations to assess the company's financial health and sustainability.
Peer comparison
Dec 31, 2024