Middleby Corp (MIDD)
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 | 519,356 | 594,094 | 588,755 | 583,893 | 564,359 | 538,656 | 630,462 | 613,677 | 619,492 | 549,669 | 397,526 | 289,782 | 268,076 | 343,150 | 370,664 | 469,368 | 462,619 | 449,630 | 441,419 | 426,527 |
| Revenue (ttm) | US$ in thousands | 4,045,311 | 4,087,831 | 4,100,051 | 4,073,671 | 4,060,947 | 3,867,263 | 3,691,937 | 3,487,110 | 3,250,492 | 3,110,772 | 2,927,752 | 2,590,956 | 2,510,357 | 2,571,587 | 2,661,076 | 2,950,103 | 2,959,446 | 2,928,492 | 2,917,809 | 2,824,933 |
| Pretax margin | 12.84% | 14.53% | 14.36% | 14.33% | 13.90% | 13.93% | 17.08% | 17.60% | 19.06% | 17.67% | 13.58% | 11.18% | 10.68% | 13.34% | 13.93% | 15.91% | 15.63% | 15.35% | 15.13% | 15.10% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $519,356K ÷ $4,045,311K
= 12.84%
The pretax margin of Middleby Corp has shown some variations over the periods under consideration. The trend indicates that the company's pretax margin fluctuated between 10.68% and 19.06%. In recent quarters, the pretax margin has been relatively stable, ranging from 12.84% to 14.53%. The pretax margin measures the efficiency of the company in generating profits before taxes from its operations. A higher pretax margin generally indicates better operational efficiency and cost management. It is essential for Middleby Corp to closely monitor and manage its cost structures to maintain or improve its pretax margin over time. Overall, the company's pretax margin performance can be seen as relatively stable with some fluctuations over the periods analyzed.
Peer comparison
Dec 31, 2023