MasTec Inc (MTZ)
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 | -85,357 | 42,525 | 428,177 | 425,313 | 509,134 |
| Revenue | US$ in thousands | 11,995,900 | 9,778,040 | 7,951,800 | 6,321,000 | 7,183,200 |
| Pretax margin | -0.71% | 0.43% | 5.38% | 6.73% | 7.09% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-85,357K ÷ $11,995,900K
= -0.71%
The pretax margin of MasTec Inc has shown a declining trend over the past five years. In 2019 and 2020, the company had pretax margins of 7.09% and 6.73%, respectively, indicating healthy profitability levels. However, there has been a notable decrease in profitability in the subsequent years, with pretax margins dropping to 5.38% in 2021, 0.43% in 2022, and -0.71% in 2023. This declining trend reflects potential challenges the company may be facing in generating earnings before taxes relative to its total revenue. It could also be indicative of increasing expenses or declining revenues, necessitating a closer examination of the company's cost structure and revenue streams to address the diminishing pretax margin.
Peer comparison
Dec 31, 2023