Mister Car Wash, Inc. Common Stock (MCW)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 102,667 | 106,421 | 101,444 | 101,035 | 103,041 | 109,818 | 118,674 | 129,890 | 145,824 | 163,091 | 164,086 | -36,336 | -47,138 | -33,049 | -39,541 | 103,343 | 77,171 |
| Revenue (ttm) | US$ in thousands | 994,727 | 973,695 | 958,442 | 940,293 | 927,070 | 911,282 | 894,782 | 883,047 | 876,506 | 853,613 | 830,347 | 802,268 | 758,357 | 728,935 | 690,421 | 595,197 | 574,941 |
| Pretax margin | 10.32% | 10.93% | 10.58% | 10.75% | 11.11% | 12.05% | 13.26% | 14.71% | 16.64% | 19.11% | 19.76% | -4.53% | -6.22% | -4.53% | -5.73% | 17.36% | 13.42% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $102,667K ÷ $994,727K
= 10.32%
The pretax margin of Mister Car Wash, Inc. Common Stock has displayed fluctuations over the analyzed period. The company's pretax margin stood at 13.42% on December 31, 2020, showing a positive profitability before taxes. Subsequently, there was a significant increase in the pretax margin to 17.36% on March 31, 2021, indicating improved profitability during that period.
However, a notable decline occurred in the next quarter, as the pretax margin dropped to -5.73% on June 30, 2021, and further to -4.53% on September 30, 2021, reflecting a shift to negative profitability. This negative trend persisted through the end of the year, with pretax margins of -6.22% by December 31, 2021.
There was a positive turnaround in the pretax margin from March 31, 2022, onwards, with values consistently improving to reach 16.64% by December 31, 2022. The positive momentum continued into the following year, with pretax margins peaking at 19.76% on June 30, 2022, and maintaining above 10% levels until the end of 2024.
Overall, the analysis indicates fluctuations in Mister Car Wash, Inc. Common Stock's pretax margin over the analyzed period, with periods of both positive and negative profitability. The company displayed resilience in improving its profitability in the latter half of the period, reflected by the upward trend in pretax margins.
Peer comparison
Dec 31, 2024