Murphy USA Inc (MUSA)

Pretax margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Earnings before tax but after interest (EBT) US$ in thousands 651,600 734,400 883,800 521,900 509,100
Revenue US$ in thousands 20,244,300 21,529,400 23,446,100 17,360,500 11,264,300
Pretax margin 3.22% 3.41% 3.77% 3.01% 4.52%

December 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $651,600K ÷ $20,244,300K
= 3.22%

Murphy USA Inc's pretax margin has exhibited some fluctuations over the past five years. Starting at 4.52% on December 31, 2020, the pretax margin decreased to 3.01% by December 31, 2021. However, there was a slight improvement to 3.77% by December 31, 2022. Subsequently, the pretax margin dipped to 3.41% by December 31, 2023, and then further decreased to 3.22% by December 31, 2024. These variations indicate that the company's profitability before tax has experienced some inconsistency, which may require further evaluation to identify underlying factors influencing these trends.