MasTec Inc (MTZ)
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 | -85,357 | -72,470 | -34,350 | -34,622 | 42,526 | 122,097 | 200,777 | 285,086 | 428,178 | 490,028 | 508,374 | 483,604 | 425,291 | 394,034 | 408,926 | 490,619 | 509,066 | 452,412 | 426,309 | 383,155 |
| Revenue (ttm) | US$ in thousands | 11,995,910 | 11,724,180 | 10,980,560 | 10,408,250 | 9,777,990 | 8,579,070 | 8,469,890 | 8,130,800 | 7,951,820 | 7,779,220 | 7,073,200 | 6,679,800 | 6,320,980 | 6,393,480 | 6,711,800 | 7,081,500 | 7,183,200 | 7,391,500 | 7,352,100 | 7,030,900 |
| Pretax margin | -0.71% | -0.62% | -0.31% | -0.33% | 0.43% | 1.42% | 2.37% | 3.51% | 5.38% | 6.30% | 7.19% | 7.24% | 6.73% | 6.16% | 6.09% | 6.93% | 7.09% | 6.12% | 5.80% | 5.45% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-85,357K ÷ $11,995,910K
= -0.71%
The pretax margin of MasTec Inc has shown fluctuations over the past few quarters. It has been negative in the most recent quarters, indicating that the company's operating expenses and interest payments have exceeded its operating income before taxes. This suggests potential operational inefficiencies or challenges in generating sufficient revenue to cover expenses.
Looking at historical trends, the pretax margin has generally been positive in earlier quarters, with peaks in the range of 5% to 7%. However, there has been a gradual decline over the past few quarters, with the pretax margin reaching negative levels in the most recent periods.
The declining trend in the pretax margin may raise concerns about MasTec's profitability and performance. It is crucial for the company to closely monitor and improve its cost management, revenue generation strategies, and overall operational efficiency to enhance its profitability and financial health in the future.
Peer comparison
Dec 31, 2023