New York Times Company (NYT)
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 | 302,225 | 256,396 | 237,198 | 261,863 | 235,979 | 234,720 | 258,849 | 245,768 | 290,501 | 203,610 | 169,525 | 126,408 | 114,698 | 185,081 | 166,717 | 171,860 | 164,460 | 167,031 | 179,602 | 178,612 |
| Revenue (ttm) | US$ in thousands | 2,447,254 | 2,433,332 | 2,378,510 | 2,374,424 | 2,349,012 | 2,289,467 | 2,293,080 | 2,202,166 | 2,138,222 | 2,037,156 | 1,911,179 | 1,814,559 | 1,783,639 | 1,782,644 | 1,784,250 | 1,816,758 | 1,812,184 | 1,820,004 | 1,804,823 | 1,783,125 |
| Pretax margin | 12.35% | 10.54% | 9.97% | 11.03% | 10.05% | 10.25% | 11.29% | 11.16% | 13.59% | 9.99% | 8.87% | 6.97% | 6.43% | 10.38% | 9.34% | 9.46% | 9.08% | 9.18% | 9.95% | 10.02% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $302,225K ÷ $2,447,254K
= 12.35%
To analyze the pretax margin of New York Times Co. based on the provided data, we observe fluctuations over the quarters. In Q4 2023, the pretax margin increased to 12.47% from 10.61% in the past quarter. This improvement indicates the company's ability to control operating expenses and generate profits before tax.
Comparing the pretax margins across quarters, we note that Q4 2023 was the highest in the given timeframe, showing a positive trend. The company's ability to maintain pretax margins above 10% consistently demonstrates operational efficiency and effective cost management.
However, it is essential to monitor future quarters to assess the sustainability of this performance and identify any potential challenges that may impact the pretax margin. Overall, the data suggests that New York Times Co. has been successful in maintaining and improving its pretax profitability over the analyzed period.
Peer comparison
Dec 31, 2023