Mister Car Wash Inc (MCW)
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 | ||
|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 103,041 | 109,818 | 118,674 | 129,890 | 145,824 | 163,091 | 164,086 | -36,336 |
| Revenue (ttm) | US$ in thousands | 851,841 | 842,355 | 836,825 | 833,041 | 835,560 | 795,145 | 774,865 | 742,576 |
| Pretax margin | 12.10% | 13.04% | 14.18% | 15.59% | 17.45% | 20.51% | 21.18% | -4.89% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $103,041K ÷ $851,841K
= 12.10%
The pretax margin of Mister Car Wash Inc has exhibited a declining trend over the past five quarters, decreasing from 16.64% in Q4 2022 to 11.11% in Q4 2023. This indicates that the company's ability to generate profit before taxes relative to its total revenue has weakened over this period. The downward trajectory suggests that the company may be facing challenges in managing its expenses or experiencing a decline in sales growth, which could impact its overall financial performance. Further analysis of the factors influencing this trend is recommended to determine the underlying reasons for the decreasing pretax margin.
Peer comparison
Dec 31, 2023