Minerals Technologies Inc (MTX)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 107,800 | 85,000 | 124,300 | 146,500 | 154,300 | 178,400 | 212,100 | 207,500 | 201,000 | 188,700 | 173,700 | 137,300 | 136,800 | 133,700 | 139,000 | 155,400 | 155,500 | 168,900 | 179,900 | 202,600 |
| Revenue (ttm) | US$ in thousands | 2,122,900 | 2,110,600 | 2,102,100 | 2,111,700 | 2,074,900 | 2,047,400 | 1,987,400 | 1,887,300 | 1,820,700 | 1,785,000 | 1,699,200 | 1,601,800 | 1,567,300 | 1,575,700 | 1,635,800 | 1,739,600 | 1,757,700 | 1,765,000 | 1,779,100 | 1,790,900 |
| Pretax margin | 5.08% | 4.03% | 5.91% | 6.94% | 7.44% | 8.71% | 10.67% | 10.99% | 11.04% | 10.57% | 10.22% | 8.57% | 8.73% | 8.49% | 8.50% | 8.93% | 8.85% | 9.57% | 10.11% | 11.31% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $107,800K ÷ $2,122,900K
= 5.08%
The pretax margin of Minerals Technologies, Inc. has shown some fluctuations over the past eight quarters. In Q1 2022 and Q2 2022, the company reported robust pretax margins of 10.98% and 10.63%, respectively. However, there has been a downward trend since then, with the pretax margin decreasing to 7.01% in Q1 2023, and further dropping to 4.17% in Q3 2023.
It is worth noting that the pretax margin saw a slight improvement in Q4 2023, rising to 5.16%. Although this shows a recovery from the lowest point in Q3 2023, it remains below the levels reported in the earlier quarters.
Overall, the pretax margin trend for Minerals Technologies, Inc. indicates some volatility and a recent decline. Further analysis in conjunction with other financial metrics would be necessary to fully assess the company's financial performance and operational efficiency.
Peer comparison
Dec 31, 2023