Mondelez International Inc (MDLZ)
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 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 6,496,000 | 6,142,000 | 5,520,000 | 5,256,000 | 3,582,000 | 3,970,000 | 4,854,000 | 5,382,000 | 5,490,000 | 5,749,000 | 5,659,000 | 5,068,000 | 4,779,000 | 4,242,000 | 3,525,000 | 3,659,000 | 3,931,000 | 3,902,000 | 4,613,000 | 3,927,000 |
| Revenue (ttm) | US$ in thousands | 36,016,000 | 35,397,000 | 34,131,000 | 32,898,000 | 31,496,000 | 30,459,000 | 29,878,000 | 29,246,000 | 28,720,000 | 28,360,000 | 27,843,000 | 27,112,000 | 26,581,000 | 26,196,000 | 25,886,000 | 26,037,000 | 25,868,000 | 25,728,000 | 25,661,000 | 25,711,000 |
| Pretax margin | 18.04% | 17.35% | 16.17% | 15.98% | 11.37% | 13.03% | 16.25% | 18.40% | 19.12% | 20.27% | 20.32% | 18.69% | 17.98% | 16.19% | 13.62% | 14.05% | 15.20% | 15.17% | 17.98% | 15.27% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $6,496,000K ÷ $36,016,000K
= 18.04%
Mondelez International Inc.'s pretax margin has shown fluctuations over the past eight quarters. In Q4 2023, the pretax margin improved significantly to 18.06%, marking the highest value in the given period. This increase indicates stronger profitability before taxes compared to the previous quarters. However, it is essential to note that this improvement followed a downward trend from Q1 2023 to Q3 2023.
In Q1 and Q2 2023, the company reported pretax margins of 16.01% and 16.19%, respectively, showing consistent performance but still below the levels seen in the corresponding quarters of 2022. The pretax margin in Q3 2023 was 17.38%, marking a slight recovery from the earlier decline.
Comparing the latest quarter with the same quarter in the previous year, Mondelez International Inc. has demonstrated notable progress, as Q4 2023's pretax margin of 18.06% significantly exceeded the corresponding figure of 11.40% in Q4 2022. This improvement suggests enhanced operational efficiency and cost management contributing to the company's profitability.
Overall, while there have been fluctuations in Mondelez International Inc.'s pretax margin over the past eight quarters, the recent trend indicates an upward trajectory in profitability before taxes, with Q4 2023 reflecting a notable improvement compared to the previous quarters. Continued monitoring of this financial metric will be crucial to assess the company's financial health and performance in the future.
Peer comparison
Dec 31, 2023