Mueller Industries Inc (MLI)
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 | 823,659 | 881,638 | 634,378 | 194,814 | 136,229 |
| Revenue | US$ in thousands | 3,426,400 | 3,989,020 | 3,813,890 | 2,366,520 | 2,406,100 |
| Pretax margin | 24.04% | 22.10% | 16.63% | 8.23% | 5.66% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $823,659K ÷ $3,426,400K
= 24.04%
Mueller Industries Inc's pretax margin has shown a positive trend over the past five years, increasing from 5.66% in 2019 to 24.04% in 2023. This indicates the company's improved ability to generate profits before accounting for taxes relative to its total revenues. The consistent growth in pretax margin reflects enhanced operational efficiency, cost management, and revenue generation strategies implemented by the company. The significant increase in pretax margin from 2022 to 2023 further suggests a strong financial performance and potentially improving overall profitability for Mueller Industries Inc. Overall, the upward trajectory of the pretax margin demonstrates the company's effective management of expenses and revenue streams, which are essential factors in sustaining and increasing profitability.
Peer comparison
Dec 31, 2023