MYR Group Inc (MYRG)
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 | 46,493 | 125,004 | 114,204 | 116,306 | 81,385 |
| Revenue | US$ in thousands | 3,362,290 | 3,643,900 | 3,008,540 | 2,498,290 | 2,247,390 |
| Pretax margin | 1.38% | 3.43% | 3.80% | 4.66% | 3.62% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $46,493K ÷ $3,362,290K
= 1.38%
The pretax margin of MYR Group Inc has shown fluctuations over the years. It increased from 3.62% in December 31, 2020, to 4.66% in December 31, 2021, indicating improved efficiency in generating profits before taxes. However, the pretax margin then decreased to 3.80% in December 31, 2022, and further declined to 3.43% in December 31, 2023. The most notable decline occurred by the end of 2024, with the pretax margin at 1.38%, signifying a substantial decrease in profitability on a pre-tax basis. Further analysis into the company's cost structure and revenue generation may be necessary to understand the factors contributing to these fluctuations in the pretax margin.
Peer comparison
Dec 31, 2024