Ingevity Corp (NGVT)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -10,100 | 163,600 | 227,300 | 256,100 | 269,600 | 286,200 | 181,400 | 178,600 | 162,800 | 192,900 | 290,000 | 241,700 | 235,100 | 223,800 | 213,100 | 260,400 | 227,900 | 216,400 | 204,900 | 191,300 |
| Revenue (ttm) | US$ in thousands | 1,595,100 | 1,639,900 | 1,675,900 | 1,614,000 | 1,604,200 | 1,566,500 | 1,461,300 | 1,399,800 | 1,337,300 | 1,381,100 | 1,336,000 | 1,248,200 | 1,215,700 | 1,193,500 | 1,220,200 | 1,300,800 | 1,289,800 | 1,265,000 | 1,217,800 | 1,483,800 |
| Pretax margin | -0.63% | 9.98% | 13.56% | 15.87% | 16.81% | 18.27% | 12.41% | 12.76% | 12.17% | 13.97% | 21.71% | 19.36% | 19.34% | 18.75% | 17.46% | 20.02% | 17.67% | 17.11% | 16.83% | 12.89% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-10,100K ÷ $1,595,100K
= -0.63%
Ingevity Corp's pretax margin has exhibited some volatility over the past eight quarters. The company experienced a significant decline in pretax margin in Q4 2023, falling to -0.60%, indicating that Ingevity Corp incurred a pre-tax operating loss during that period. Prior to this decrease, the company had shown a positive trend in pretax margin, with percentages ranging from 9.60% to 16.16% in the preceding quarters.
Despite the recent decline, Ingevity Corp's pretax margin had generally been in the double-digit range, suggesting efficient cost management and profitability in the earlier quarters. It is important for the company to assess the factors contributing to the negative pretax margin in Q4 2023 and take appropriate measures to improve operational efficiency and financial performance in the future.
Peer comparison
Dec 31, 2023