Metallus, Inc (MTUS)

Pretax margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	4,600	32,700	74,400	108,200	96,400	88,400	41,200	77,300	97,100	162,100	225,300	204,700	176,700	103,800	39,600	-30,900	-60,700	-140,900	-149,800	-149,500
Revenue (ttm)	US$ in thousands	1,084,000	1,171,600	1,293,800	1,355,700	1,357,600	1,274,900	1,242,300	1,301,400	1,329,900	1,422,800	1,449,700	1,361,300	1,282,900	1,155,800	1,018,000	844,700	830,800	846,500	914,800	1,097,500
Pretax margin		0.42%	2.79%	5.75%	7.98%	7.10%	6.93%	3.32%	5.94%	7.30%	11.39%	15.54%	15.04%	13.77%	8.98%	3.89%	-3.66%	-7.31%	-16.65%	-16.38%	-13.62%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $4,600K ÷ $1,084,000K
= 0.42%

Metallus, Inc's pretax margin showed a significant improvement over the past few years, starting at negative percentages and gradually increasing to positive figures. The trend indicates that the company has been able to control its expenses and generate higher profits relative to its revenue before accounting for taxes.

From December 31, 2021, onwards, Metallus, Inc experienced a positive pretax margin, reaching its peak at 15.54% on June 30, 2022. However, the margin saw a slight decline in the following quarters, dropping to 2.79% by September 30, 2024. This decrease might suggest that the company faced increased costs or lower profitability during this period.

Overall, the positive pretax margin figures in recent years indicate that Metallus, Inc has managed to enhance its operational efficiency and financial performance. It is essential for the company to continue monitoring and maintaining its pretax margin to sustain profitability in the future.