ODP Corp (ODP)
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 | 200,000 | 230,000 | -164,000 | -294,000 | 150,000 |
| Revenue | US$ in thousands | 7,812,000 | 8,477,000 | 8,439,000 | 9,660,000 | 10,561,000 |
| Pretax margin | 2.56% | 2.71% | -1.94% | -3.04% | 1.42% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $200,000K ÷ $7,812,000K
= 2.56%
The pretax margin of ODP Corp has fluctuated over the past five years. In 2023, the pretax margin stood at 2.56%, slightly lower than the previous year's level of 2.71%. However, this marks a positive trend compared to the negative pretax margins in 2021 and 2020, which were -1.94% and -3.04%, respectively. The pretax margin in 2019 was notably higher at 1.42%.
Overall, the positive pretax margin in 2023 indicates that ODP Corp was able to generate a higher percentage of profit before taxes relative to its total revenues, showcasing an improvement in the company's profitability compared to the recent past. It is important for ODP Corp to continue monitoring and managing its pretax margin effectively to ensure sustained profitability and financial health.
Peer comparison
Dec 31, 2023