Mister Car Wash Inc (MCW)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 103,041 | 145,824 | -47,138 |
| Revenue | US$ in thousands | 851,841 | 835,560 | 692,541 |
| Pretax margin | 12.10% | 17.45% | -6.81% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $103,041K ÷ $851,841K
= 12.10%
Based on the data provided, the pretax margin for Mister Car Wash Inc has shown fluctuations over the past three years. In 2023, the pretax margin stood at 11.11%, representing a decrease from 16.64% in 2022. However, the performance in 2023 was an improvement compared to a negative pretax margin of -6.22% in 2021.
The downward trend from 2022 to 2023 indicates a potential decline in the company's ability to generate profits before accounting for taxes. Further analysis would be needed to understand the factors contributing to these changes and to determine the company's overall financial health and operational efficiency.
Peer comparison
Dec 31, 2023