Ingevity Corp (NGVT)
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 | -10,100 | 269,600 | 162,800 | 235,100 | 227,900 |
| Revenue | US$ in thousands | 1,595,100 | 1,604,200 | 1,337,300 | 1,174,800 | 1,238,100 |
| Pretax margin | -0.63% | 16.81% | 12.17% | 20.01% | 18.41% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-10,100K ÷ $1,595,100K
= -0.63%
The pretax margin of Ingevity Corp has fluctuated over the last five years. In 2023, the company reported a negative pretax margin of -0.60%, indicating that the company's income before taxes was less than its total revenue. This negative pretax margin could be attributed to various factors such as increased operating expenses, one-time charges, or inefficiencies in the company's operations.
In 2022, Ingevity Corp achieved a pretax margin of 16.16%, which was a significant increase from the previous year. This improvement indicates that the company was able to effectively control its expenses and generate more profit relative to its revenue.
In 2021, the pretax margin was 11.70%, showing a slight decrease from the previous year. Despite this dip, the company still maintained a healthy pretax margin, indicating efficient operations and profitability.
In 2020, Ingevity Corp reported a pretax margin of 19.33%, which was higher compared to the prior year. This strong performance suggests that the company effectively managed its costs and increased profitability during that period.
In 2019, the pretax margin was 17.63%, showing consistency in the company's ability to generate profits relative to its revenue. Overall, the trend in Ingevity Corp's pretax margin over the past five years indicates some variability but generally reflects a company that has been able to maintain profitability despite challenges in certain years.
Peer comparison
Dec 31, 2023