New York Times Company (NYT)

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	302,223	235,999	290,501	114,698	164,460
Revenue	US$ in thousands	2,447,250	2,383,240	2,123,020	1,783,640	1,812,180
Pretax margin		12.35%	9.90%	13.68%	6.43%	9.08%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $302,223K ÷ $2,447,250K
= 12.35%

The pretax margin of New York Times Co. has shown fluctuations over the past five years, ranging from 6.47% in 2020 to 14.00% in 2021. The company's pretax margin improved to 12.47% in 2023 from 10.22% in 2022, indicating better profitability before accounting for taxes. It is essential to further investigate the factors contributing to this fluctuation in pretax margin to assess the company's operational efficiency and profitability trends accurately.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

New York Times Company

NYT

12.35%