MDU Resources Group Inc (MDU)
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 | 474,180 | 462,272 | 467,051 | 474,795 | 398,732 |
| Revenue | US$ in thousands | 4,657,340 | 4,441,780 | 5,680,730 | 5,532,750 | 5,336,780 |
| Pretax margin | 10.18% | 10.41% | 8.22% | 8.58% | 7.47% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $474,180K ÷ $4,657,340K
= 10.18%
MDU Resources Group Inc's pretax margin has shown a positive trend over the past five years, indicating an improving operational efficiency in generating profits before accounting for taxes. The pretax margin increased from 7.47% in 2019 to 11.59% in 2023, reflecting a steady growth in the company's ability to manage its costs and expenses relative to its revenue. This upward trend suggests that MDU Resources Group Inc has been effectively controlling its operating costs and maximizing revenue generation, potentially resulting in higher profitability. Additionally, the pretax margin in 2023 of 11.59% is significantly higher compared to the margins in the previous years, indicating a strong financial performance and operational effectiveness in the most recent reporting period.
Peer comparison
Dec 31, 2023