O-I Glass Inc (OI)
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 | 20,000 | 49,000 | 762,000 | 316,000 | 338,000 |
| Revenue | US$ in thousands | 6,531,000 | 7,105,000 | 6,615,000 | 6,138,000 | 6,097,000 |
| Pretax margin | 0.31% | 0.69% | 11.52% | 5.15% | 5.54% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $20,000K ÷ $6,531,000K
= 0.31%
The pretax margin of O-I Glass Inc has shown fluctuations over the years, as follows:
- In December 2020, the pretax margin was 5.54%, indicating that the company retained 5.54% of its total revenue before taxes.
- By December 2021, the pretax margin slightly decreased to 5.15%, potentially signaling some challenges in maintaining profitability.
- A significant increase was observed by December 2022, with the pretax margin soaring to 11.52%, suggesting improved cost management or revenue growth strategies.
- However, the pretax margin steeply declined to 0.69% by December 2023, which could indicate difficulties in controlling costs or a decrease in revenue relative to expenses.
- The trend continued in December 2024, as the pretax margin further declined to 0.31%, highlighting potential financial pressures on the company.
Overall, the fluctuations in O-I Glass Inc's pretax margin indicate varying degrees of financial performance and efficiency in managing expenses and generating profits over the years.