ODP Corp (ODP)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 146,000 | 200,000 | 242,000 | 231,000 | -295,000 |
| Revenue | US$ in thousands | 6,990,000 | 7,831,000 | 8,491,000 | 8,465,000 | 9,710,000 |
| Pretax margin | 2.09% | 2.55% | 2.85% | 2.73% | -3.04% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $146,000K ÷ $6,990,000K
= 2.09%
The pretax margin of ODP Corp, a key indicator of its operational efficiency and profitability before accounting for income taxes, evolved over the five-year period as follows:
- As of December 31, 2020, the company had a negative pretax margin of -3.04%, indicating that its expenses exceeded its revenues before taxes.
- By December 31, 2021, ODP Corp displayed a notable improvement in its pretax margin, reaching 2.73%, suggesting enhanced operational efficiency and profitability.
- Continuing this positive trend, the pretax margin further increased to 2.85% by December 31, 2022, reflecting sustained growth and effective cost management practices.
- Although there was a slight dip to 2.55% by December 31, 2023, ODP Corp maintained a relatively stable level of profitability.
- The trend continued with a pretax margin of 2.09% as of December 31, 2024, indicating the company's ability to generate profits before taxes, albeit at a slightly lower rate compared to the previous period.
Overall, ODP Corp's pretax margin showed a positive trajectory over the five-year period, with the company successfully improving its operational efficiency and maintaining profitability levels, aside from a minor fluctuation in 2023.
Peer comparison
Dec 31, 2024