Metallus Inc (MTUS)
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 | 96,400 | 97,100 | 176,700 | -60,700 | -126,100 |
| Revenue | US$ in thousands | 1,329,300 | 1,253,800 | 1,275,600 | 843,400 | 1,228,200 |
| Pretax margin | 7.25% | 7.74% | 13.85% | -7.20% | -10.27% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $96,400K ÷ $1,329,300K
= 7.25%
The pretax margin of Metallus Inc has shown fluctuations over the past five years.
In 2019 and 2020, the company experienced negative pretax margins of -10.27% and -7.20%, respectively, indicating that the company's operating expenses and/or interest expenses were higher than its revenues before accounting for taxes.
However, in 2021, the pretax margin improved significantly to 13.85%, reflecting better cost management or increased revenue generation. This improvement suggests that the company was able to generate higher profits before accounting for taxes compared to its operating costs.
In 2022 and 2023, the pretax margins were 7.74% and 7.25%, respectively, indicating a slight decline compared to the previous year. This could imply that the company's profitability before taxes may have slightly decreased year-over-year, possibly due to factors such as increased operating expenses or a slowdown in revenue growth.
Overall, while the company has shown variability in its pretax margin in recent years, it is essential for Metallus Inc to focus on maintaining or improving its profitability levels to ensure sustainable financial performance and long-term growth.
Peer comparison
Dec 31, 2023