Minerals Technologies Inc (MTX)
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 | 107,800 | 154,300 | 201,000 | 136,800 | 155,500 |
| Revenue | US$ in thousands | 2,108,700 | 2,074,800 | 1,820,700 | 1,556,400 | 1,745,900 |
| Pretax margin | 5.11% | 7.44% | 11.04% | 8.79% | 8.91% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $107,800K ÷ $2,108,700K
= 5.11%
Minerals Technologies, Inc.'s pretax margin has shown a declining trend over the past five years. The company's pretax margin stood at 5.16% at the end of 2023, which is lower than the previous year's margin of 7.45%. Comparatively, in 2021, the pretax margin was higher at 11.04%. This indicates that the company's profitability before taxes decreased in 2023, impacting its ability to generate earnings relative to revenue. Despite the fluctuations in pretax margin over the years, it is important for stakeholders to closely monitor the company's cost management and revenue generation strategies to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023