Minerals Technologies Inc (MTX)
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 | 223,600 | 202,800 | 120,700 | 120,100 | 107,700 | 86,500 | 126,900 | 149,200 | 157,500 | 180,200 | 212,900 | 208,900 | 202,300 | 190,800 | 176,100 | 138,400 | 138,000 | 134,400 | 139,500 | 157,100 |
| Revenue (ttm) | US$ in thousands | 2,118,500 | 2,124,900 | 2,148,000 | 2,158,300 | 2,169,900 | 2,153,000 | 2,147,100 | 2,152,600 | 2,125,600 | 2,094,900 | 2,026,200 | 1,924,800 | 1,858,300 | 1,813,200 | 1,728,300 | 1,629,900 | 1,594,800 | 1,603,200 | 1,664,200 | 1,770,800 |
| Pretax margin | 10.55% | 9.54% | 5.62% | 5.56% | 4.96% | 4.02% | 5.91% | 6.93% | 7.41% | 8.60% | 10.51% | 10.85% | 10.89% | 10.52% | 10.19% | 8.49% | 8.65% | 8.38% | 8.38% | 8.87% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $223,600K ÷ $2,118,500K
= 10.55%
Minerals Technologies Inc's pretax margin has shown fluctuation over the period from March 31, 2020, to December 31, 2024. The pretax margin started at 8.87% in March 2020 and slightly declined to 8.38% by June 2020 and remained at that level for the next quarter. It then saw a slight increase to 8.65% by December 2020.
During the first half of 2021, the pretax margin experienced a notable improvement, reaching 10.19% by June 2021 and further increasing to 10.52% by September 2021. The trend continued with the pretax margin peaking at 10.89% by December 2021.
However, starting from March 2022, there was a reversal in the trend, with the pretax margin declining to 6.93% by March 2023 and further dropping to 4.02% by September 2023. The pretax margin then slightly recovered to 5.56% by March 2024 and 5.62% by June 2024.
In the last two quarters of 2024, there was a significant improvement in the pretax margin, reaching 9.54% by September 2024 and 10.55% by December 2024.
Overall, the pretax margin of Minerals Technologies Inc has shown variability, with periods of growth, decline, and recovery. Investors and stakeholders may need to further analyze the underlying factors influencing these fluctuations to assess the company's financial performance and prospects accurately.
Peer comparison
Dec 31, 2024