Owens Corning Inc (OC)
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 | 1,597,000 | 1,614,000 | 1,314,000 | -254,000 | 591,000 |
| Revenue | US$ in thousands | 9,599,000 | 9,618,000 | 8,364,000 | 6,929,000 | 7,160,000 |
| Pretax margin | 16.64% | 16.78% | 15.71% | -3.67% | 8.25% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,597,000K ÷ $9,599,000K
= 16.64%
Owens Corning's pretax margin has shown variability over the past five years. In 2023, the pretax margin was 16.47%, a slight decrease from 16.54% in 2022. This indicates that the company's profitability before accounting for taxes remained relatively stable. The pretax margin in 2021 was 15.46%, showing a slight improvement from the previous year.
However, in 2020, Owens Corning reported a negative pretax margin of -3.63%, which may indicate challenges or exceptional circumstances impacting the company's financial performance during that year. The pretax margin rebounded in 2019 to 8.25%, showing a recovery from the earlier decline.
Overall, Owens Corning's pretax margin trend indicates some fluctuations in profitability over the past five years, with the company facing both positive and negative performance outcomes. Further analysis would be needed to understand the specific factors driving these variations in pretax margin.