Mondelez International Inc (MDLZ)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 6,496,000 | 3,582,000 | 5,490,000 | 4,779,000 | 3,931,000 |
| Revenue | US$ in thousands | 36,016,000 | 31,496,000 | 28,720,000 | 26,581,000 | 25,868,000 |
| Pretax margin | 18.04% | 11.37% | 19.12% | 17.98% | 15.20% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $6,496,000K ÷ $36,016,000K
= 18.04%
The pretax margin for Mondelez International Inc. has shown fluctuations over the past five years. In 2023, the pretax margin was 18.06%, indicating that the company generated $0.1806 in pretax profit for every dollar of revenue before taxes. This was an improvement compared to the previous year, where the pretax margin was 11.40%.
In 2021, the pretax margin was 19.16%, which was higher than both 2020 (18.03%) and 2019 (15.03%). This suggests that the company was more effective at controlling costs and generating profits in 2021. Overall, the trend in the pretax margin over the past five years indicates some variability, with fluctuations in profitability levels.
Peer comparison
Dec 31, 2023