National Presto Industries Inc (NPK)

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 42,431 29,211 31,951 33,461 25,944 27,614 21,311 24,572 32,459 46,730 56,714 61,101 59,988 57,791 62,840 56,836 53,986 54,837 42,686 45,802
Revenue (ttm) US$ in thousands 340,912 356,544 343,086 341,278 321,623 307,982 325,524 335,504 355,777 361,292 368,004 368,018 352,627 341,614 325,683 310,296 308,510 299,212 302,859 310,341
Pretax margin 12.45% 8.19% 9.31% 9.80% 8.07% 8.97% 6.55% 7.32% 9.12% 12.93% 15.41% 16.60% 17.01% 16.92% 19.29% 18.32% 17.50% 18.33% 14.09% 14.76%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $42,431K ÷ $340,912K
= 12.45%

The pretax margin of National Presto Industries Inc has shown fluctuations over the past few quarters. The pretax margin represents the percentage of revenue that remains as income before taxes are deducted. In the latest quarter, ending December 31, 2023, the pretax margin was 12.45%, indicating that the company retained about 12.45% of its revenue as income before taxes.

Looking at the trend, the pretax margin has varied between 6.55% and 19.29% over the past two years. In general, a higher pretax margin signifies that the company is operating more efficiently and generating a healthier level of profitability. On the contrary, a lower pretax margin may suggest higher operating costs or lower revenue generation.

The fluctuation in the pretax margin could be attributed to various factors such as changes in costs, pricing strategies, economic conditions, or operational efficiency. It is important for stakeholders to monitor this ratio closely as it provides insights into the company's operational performance and profitability before accounting for tax-related expenses.


Peer comparison

Dec 31, 2023

Company name
Symbol
Pretax margin
National Presto Industries Inc
NPK
12.45%
Axon Enterprise Inc.
AXON
9.87%
Sturm Ruger & Company Inc
RGR
10.82%
Vista Outdoor Inc
VSTO
-0.53%