Enviri Corporation (NVRI)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -101,670 | -18,550 | -122,958 | 37,506 | -31,125 |
| Revenue | US$ in thousands | 2,342,640 | 2,069,220 | 1,889,060 | 1,848,400 | 1,863,860 |
| Pretax margin | -4.34% | -0.90% | -6.51% | 2.03% | -1.67% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-101,670K ÷ $2,342,640K
= -4.34%
The pretax margin of Enviri Corporation has been fluctuating over the past five years. In December 31, 2020, the pretax margin was negative at -1.67%, indicating that the company's pre-tax earnings were insufficient to cover its operating expenses. By December 31, 2021, the pretax margin improved to 2.03%, suggesting a better ability to generate profits before tax deductions.
However, in December 31, 2022, the pretax margin declined significantly to -6.51%, indicating a sharp decrease in profitability and potential financial challenges. The situation slightly improved by December 31, 2023, with a pretax margin of -0.90%, yet the company still struggled to generate positive pre-tax earnings.
In the most recent financial year ending December 31, 2024, Enviri Corporation experienced a further decline in pretax margin to -4.34%, indicating ongoing challenges in generating pre-tax profits. The fluctuating pretax margins suggest that the company may need to focus on improving operational efficiency and controlling costs to enhance profitability and financial stability in the future.