Enviri Corporation (NVRI)
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 | -57,936 | -169,688 | 5,840 | -35,014 | 516,647 |
| Revenue | US$ in thousands | 2,069,220 | 1,889,060 | 1,848,400 | 1,534,030 | 1,204,370 |
| Pretax margin | -2.80% | -8.98% | 0.32% | -2.28% | 42.90% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-57,936K ÷ $2,069,220K
= -2.80%
The pretax margin of Enviri Corp has shown fluctuations over the past five years, ranging from negative figures to positive figures. In 2023, the pretax margin improved significantly to -0.93%, compared to the previous year where it stood at -6.52%. Despite the improvement, the company still operated at a loss before taxes in 2023.
In 2022, the pretax margin was notably negative at -6.52%, indicating that the company's expenses exceeded its revenues before tax deductions.
The pretax margin was positive in 2021 and 2019, standing at 2.01% and 3.77% respectively. This suggests that in those years, Enviri Corp was able to generate profits before accounting for taxes.
However, in 2020, the pretax margin was negative at -1.66%, indicating a decline in profitability compared to the two preceding years. Overall, Enviri Corp's pretax margin performance has been inconsistent, reflecting varying levels of profitability and operational efficiency over the analyzed period.