MYR Group Inc (MYRG)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 46,493 | 54,982 | 67,295 | 121,029 | 125,004 | 125,285 | 120,550 | 116,831 | 114,204 | 107,925 | 112,556 | 113,760 | 116,306 | 112,008 | 105,103 | 94,373 | 81,385 | 74,424 | 64,805 | 55,277 |
| Revenue (ttm) | US$ in thousands | 3,362,290 | 3,536,695 | 3,588,128 | 3,647,854 | 3,643,908 | 3,503,664 | 3,364,036 | 3,183,534 | 3,008,542 | 2,790,634 | 2,600,968 | 2,542,427 | 2,498,289 | 2,460,211 | 2,457,930 | 2,321,408 | 2,247,392 | 2,210,497 | 2,185,810 | 2,121,535 |
| Pretax margin | 1.38% | 1.55% | 1.88% | 3.32% | 3.43% | 3.58% | 3.58% | 3.67% | 3.80% | 3.87% | 4.33% | 4.47% | 4.66% | 4.55% | 4.28% | 4.07% | 3.62% | 3.37% | 2.96% | 2.61% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $46,493K ÷ $3,362,290K
= 1.38%
MYR Group Inc's pretax margin has shown fluctuations over the past few years. It started at a relatively low level of 2.61% in March 2020 and gradually increased to 4.66% by December 2021, indicating improved profitability before experiencing a slight decline. However, from March 2022 to December 2024, the pretax margin exhibited a declining trend, reaching 1.38% by the end of December 2024. This declining trend may be a cause for concern as it suggests a decrease in the company's ability to generate profits before accounting for taxes during this period. Further analysis and investigation into the factors influencing this downward trend would be necessary to understand the reasons behind the declining pretax margin for MYR Group Inc.
Peer comparison
Dec 31, 2024