Newell Brands Inc (NWL)
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 | -543,000 | -709,000 | -452,000 | -235,000 | 157,000 | 598,000 | 889,000 | 904,000 | 760,000 | 755,000 | 788,000 | 614,000 | -1,001,000 | -1,034,000 | -2,270,000 | -2,243,000 | -931,000 | -910,900 | -8,488,500 | -8,423,800 |
| Revenue (ttm) | US$ in thousands | 7,824,000 | 8,126,000 | 8,321,000 | 8,682,000 | 9,281,000 | 9,801,000 | 10,341,000 | 10,501,000 | 10,403,000 | 10,161,000 | 10,057,000 | 9,530,000 | 9,197,000 | 9,635,400 | 9,421,500 | 9,419,900 | 9,220,300 | 8,547,100 | 8,413,200 | 8,503,900 |
| Pretax margin | -6.94% | -8.73% | -5.43% | -2.71% | 1.69% | 6.10% | 8.60% | 8.61% | 7.31% | 7.43% | 7.84% | 6.44% | -10.88% | -10.73% | -24.09% | -23.81% | -10.10% | -10.66% | -100.90% | -99.06% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-543,000K ÷ $7,824,000K
= -6.94%
Newell Brands Inc's pretax margin has demonstrated a declining trend over the past eight quarters, with Q3 and Q4 of 2023 showing the lowest margins of -8.73% and -6.68% respectively. This indicates that the company's profitability before taxes has weakened, potentially due to increasing expenses or declining revenues. The margins were notably higher in the earlier quarters of 2022, with Q2 and Q3 showing margins of 8.18% and 6.16% respectively. Overall, the downward trend in pretax margin suggests that Newell Brands Inc may be facing challenges in managing its costs and generating sufficient earnings relative to its revenue.
Peer comparison
Dec 31, 2023