MGP Ingredients Inc (MGPI)

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	142,091	129,160	142,917	132,886	140,762	156,289	156,498	150,146	121,586	93,391	75,084	59,577	52,601	53,232	51,229	50,742	45,937	46,328	46,769	47,059
Revenue (ttm)	US$ in thousands	829,876	812,630	802,152	788,133	782,358	758,210	733,675	713,632	626,720	560,788	486,732	404,055	394,172	385,352	373,217	371,159	361,563	374,318	378,595	376,354
Pretax margin		17.12%	15.89%	17.82%	16.86%	17.99%	20.61%	21.33%	21.04%	19.40%	16.65%	15.43%	14.74%	13.34%	13.81%	13.73%	13.67%	12.71%	12.38%	12.35%	12.50%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $142,091K ÷ $829,876K
= 17.12%

The pretax margin of MGP Ingredients, Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, the pretax margin was 16.94%, slightly higher than Q3 2023 at 15.84%. However, it was lower compared to both Q2 2023 at 17.75% and Q1 2023 at 16.79%.

When compared to the same quarter in the previous year, Q4 2022 had a pretax margin of 17.92%, indicating a slight decrease in Q4 2023. Q3 2022 had a higher pretax margin of 20.53%, which decreased to 20.53% in Q2 2022 and further to 20.96% in Q1 2022.

Overall, the pretax margin of MGP Ingredients, Inc. has shown some variability in recent quarters, with a downward trend from Q3 2022 to Q1 2023, followed by a slight increase in Q2 and Q3 2023, and a slight decrease in Q4 2023. This indicates some volatility in the company's profitability before taxes over the analyzed period.