MYR Group Inc (MYRG)

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	125,004	114,204	116,310	81,385	51,918
Revenue	US$ in thousands	3,643,180	3,007,360	2,499,490	2,245,640	2,068,580
Pretax margin		3.43%	3.80%	4.65%	3.62%	2.51%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $125,004K ÷ $3,643,180K
= 3.43%

The pretax margin of MYR Group Inc has fluctuated over the past five years, ranging from a low of 2.44% in 2019 to a high of 4.66% in 2021. In more recent years, the pretax margin has slightly decreased, with a rate of 3.43% in 2023 compared to 3.80% in 2022. This trend indicates that the company's ability to generate profits before taxes has been somewhat inconsistent in the analyzed period. Additional analysis of the company's financial performance and operations may help in evaluating the factors influencing these fluctuations in pretax margin.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

MYR Group Inc

MYRG

3.43%