Martin Marietta Materials Inc (MLM)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 2,596,000 | 1,492,800 | 1,091,100 | 855,500 | 889,300 |
| Revenue | US$ in thousands | 6,536,000 | 6,777,200 | 6,160,700 | 5,414,000 | 4,729,900 |
| Pretax margin | 39.72% | 22.03% | 17.71% | 15.80% | 18.80% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $2,596,000K ÷ $6,536,000K
= 39.72%
The pretax margin of Martin Marietta Materials Inc has shown fluctuations over the past five years. In December 2020, the pretax margin was reported at 18.80%, which decreased to 15.80% by December 2021. However, there was a rebound in December 2022, with the pretax margin increasing to 17.71%. The company experienced a significant improvement in profitability by December 2023, as the pretax margin surged to 22.03%. Lastly, in December 2024, the pretax margin reached its peak at 39.72%, indicating a substantial increase in profitability compared to the previous years. Overall, the trend in the pretax margin demonstrates fluctuations with notable improvements in recent years, suggesting positive developments in the company's financial performance.
Peer comparison
Dec 31, 2024