Mondelez International Inc (MDLZ)
Pretax margin
| Dec 31, 2024 | Sep 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 6,391,000 | 5,768,000 | 5,801,000 | 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 |
| Revenue (ttm) | US$ in thousands | 37,412,000 | 36,837,000 | 36,140,000 | 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 |
| Pretax margin | 17.08% | 15.66% | 16.05% | 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% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $6,391,000K ÷ $37,412,000K
= 17.08%
Mondelez International Inc's pretax margin, which indicates the company's efficiency in generating profit before accounting for taxes, has shown fluctuations over the specified time period. The pretax margin stood at 15.20% as of December 31, 2019, and experienced a slight decrease to 14.05% by March 31, 2020, amidst changing market conditions. Subsequently, the pretax margin continued to decline to 13.62% by June 30, 2020, reflecting potential operational challenges.
However, the company demonstrated an improvement in profitability as the pretax margin recovered to 16.19% by September 30, 2020, and soared to 17.98% by the end of December 2020, signaling a positive growth trajectory. This upward trend persisted into the following periods, with pretax margins reaching 18.69% by March 31, 2021, and further increasing to 20.32% by June 30, 2021, showcasing robust operational performance.
Although there was a slight dip to 20.27% by September 30, 2021, Mondelez maintained a strong pretax margin of 19.12% by December 31, 2021. However, there was a decline in profitability during the following quarters, with the pretax margin dropping to 16.25% by June 30, 2022, and further down to 13.03% by September 30, 2022, which may indicate challenges or changes in the business environment.
The company exhibited a partial recovery with the pretax margin increasing to 15.98% by March 31, 2023, and climbing further to 17.35% by September 30, 2023, suggesting a potential turnaround in operational efficiency. By the end of December 31, 2023, the pretax margin improved to 18.04%, demonstrating positive momentum.
However, the pretax margin saw a slight decline to 16.05% by March 31, 2024, followed by a relatively stable performance at 15.66% by September 30, 2024. The company rebounded by December 31, 2024, with a pretax margin of 17.08%, indicating a potential strengthening of profitability.
Overall, Mondelez International Inc's pretax margin has displayed both fluctuations and periods of growth during the analyzed time frame, reflecting the company's ability to navigate changing market conditions and operational challenges.
Peer comparison
Dec 31, 2024