Minerals Technologies Inc (MTX)
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 | 223,600 | 107,700 | 156,700 | 202,300 | 138,000 |
| Revenue | US$ in thousands | 2,118,500 | 2,169,900 | 2,125,500 | 1,858,300 | 1,594,800 |
| Pretax margin | 10.55% | 4.96% | 7.37% | 10.89% | 8.65% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $223,600K ÷ $2,118,500K
= 10.55%
Minerals Technologies Inc has shown some fluctuations in its pretax margin over the past five years. The pretax margin was 8.65% as of December 31, 2020, increased to 10.89% by December 31, 2021, and then dropped to 7.37% by December 31, 2022. Subsequently, the pretax margin decreased further to 4.96% by December 31, 2023, before rebounding to 10.55% by December 31, 2024.
The company's pretax margin is an important indicator of its operating efficiency and profitability before accounting for taxes. The fluctuations in the pretax margin suggest varying levels of operational performance and cost management by Minerals Technologies Inc over the years. It is crucial for the company to analyze the reasons behind these fluctuations and take necessary steps to maintain or improve its pretax margin in the future.
Peer comparison
Dec 31, 2024