National Presto Industries Inc (NPK)
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 | 42,431 | 25,944 | 32,459 | 59,988 | 53,986 |
| Revenue | US$ in thousands | 340,912 | 321,623 | 355,777 | 352,627 | 308,510 |
| Pretax margin | 12.45% | 8.07% | 9.12% | 17.01% | 17.50% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $42,431K ÷ $340,912K
= 12.45%
The pretax margin of National Presto Industries Inc has shown variability over the past five years. In 2023, the pretax margin increased to 12.45%, marking a significant improvement compared to the prior year. However, this was lower than the levels seen in 2020 and 2019 when the company achieved pretax margins of 17.01% and 17.50%, respectively. The pretax margin in 2021 and 2022 was lower at 9.12% and 8.07%, respectively.
The pretax margin reflects the company's ability to control operating expenses relative to its revenue before accounting for taxes. The increase in pretax margin in 2023 could indicate improved cost management or an increase in revenue generation efficiency. However, it is important to further analyze the underlying factors driving this change to fully understand the financial health and efficiency of National Presto Industries Inc.
Peer comparison
Dec 31, 2023