MGP Ingredients Inc (MGPI)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 68,442 | 141,217 | 127,262 | 127,905 | 141,746 | 128,690 | 142,390 | 132,323 | 140,172 | 155,634 | 155,820 | 149,590 | 121,096 | 93,112 | 75,008 | 59,577 | 52,601 | 53,232 | 51,229 | 50,742 |
| Revenue (ttm) | US$ in thousands | 703,625 | 737,717 | 787,880 | 806,076 | 836,523 | 812,630 | 802,152 | 788,133 | 782,358 | 758,210 | 733,675 | 713,632 | 626,720 | 560,788 | 487,141 | 404,762 | 395,521 | 387,069 | 374,790 | 372,731 |
| Pretax margin | 9.73% | 19.14% | 16.15% | 15.87% | 16.94% | 15.84% | 17.75% | 16.79% | 17.92% | 20.53% | 21.24% | 20.96% | 19.32% | 16.60% | 15.40% | 14.72% | 13.30% | 13.75% | 13.67% | 13.61% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $68,442K ÷ $703,625K
= 9.73%
MGP Ingredients Inc's pretax margin has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The pretax margin started at 13.61% in March 2020, showing a slight increase to 13.67% by June 2020. There was a further gradual increase over the next few quarters, reaching 15.40% by June 2021 and peaking at 21.24% in June 2022.
However, the pretax margin started to decline from September 2022, dropping to 15.84% by September 2023. It then showed a slight recovery to 19.14% by September 2024 before experiencing a significant decline to 9.73% by December 2024.
Overall, MGP Ingredients Inc's pretax margin demonstrated variability during the period under review, reflecting fluctuations in the company's profitability before accounting for taxes. It is important for stakeholders to monitor these trends closely to understand the company's financial performance and make informed decisions.