NV5 Global Inc (NVEE)
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 | 48,210 | 62,374 | 62,105 | 28,968 | 28,932 |
| Revenue | US$ in thousands | 1,276,230 | 1,126,510 | 1,010,090 | 941,231 | 506,663 |
| Pretax margin | 3.78% | 5.54% | 6.15% | 3.08% | 5.71% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $48,210K ÷ $1,276,230K
= 3.78%
The pretax margin of NV5 Global Inc has fluctuated over the past five years. In 2023, the pretax margin decreased to 3.78% from 5.54% in 2022. This downward trend is in contrast to the relatively stable performance observed from 2020 to 2022, where the pretax margin ranged between 3.08% and 6.15%. The pretax margin of 5.71% in 2019 was the highest among the years presented. Overall, the varying pretax margins suggest that NV5 Global Inc's profitability before taxes has experienced fluctuations in recent years, with the most significant drop occurring in 2023.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
NV5 Global Inc
NVEE
3.78%
Johnson Controls International PLC
JCI
5.71%