Matador Resources Company (MTDR)
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 | 1,032,100 | 1,613,560 | 659,678 | -638,804 | 123,309 |
| Revenue | US$ in thousands | 2,806,780 | 3,058,020 | 1,662,980 | 862,126 | 983,670 |
| Pretax margin | 36.77% | 52.76% | 39.67% | -74.10% | 12.54% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,032,100K ÷ $2,806,780K
= 36.77%
The pretax margin of Matador Resources Co has demonstrated significant fluctuations over the past five years. In 2019, the company reported a pretax margin of 17.76%, indicating a reasonable level of profitability before taxes. However, in 2020, the pretax margin plummeted to -80.48%, reflecting a significant loss-making period for the company.
The following years saw a notable recovery in profitability, with pretax margins of 42.07% in 2021, 58.01% in 2022, and 43.07% in 2023. These improvements suggest that Matador Resources Co successfully turned around its financial performance, achieving higher levels of profitability before taxes in the subsequent years following the significant loss in 2020.
Overall, the company's pretax margin trend indicates a mix of profitability challenges, recovery, and ultimately, successful performance improvements over the five-year period.
Peer comparison
Dec 31, 2023