O-I Glass Inc (OI)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 21,000 | -294,000 | -156,000 | -104,000 | 49,000 | 521,000 | 718,000 | 891,000 | 761,000 | 800,000 | 654,000 | 523,000 | 316,000 | 260,000 | 501,000 | 189,000 | 336,000 | 388,000 | -525,000 | -314,000 |
| Revenue (ttm) | US$ in thousands | 6,452,000 | 6,483,000 | 6,465,000 | 6,506,000 | 6,758,000 | 6,774,000 | 6,737,000 | 6,697,000 | 6,614,000 | 6,562,000 | 6,493,000 | 6,371,000 | 6,137,000 | 6,050,000 | 6,326,000 | 6,037,000 | 6,098,000 | 6,194,000 | 5,944,000 | 6,313,000 |
| Pretax margin | 0.33% | -4.53% | -2.41% | -1.60% | 0.73% | 7.69% | 10.66% | 13.30% | 11.51% | 12.19% | 10.07% | 8.21% | 5.15% | 4.30% | 7.92% | 3.13% | 5.51% | 6.26% | -8.83% | -4.97% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $21,000K ÷ $6,452,000K
= 0.33%
O-I Glass Inc's pretax margin, which reflects the company's profitability before taxes, has exhibited fluctuations over the reported periods. From March 31, 2020, to June 30, 2021, the pretax margin remained negative, indicating that the company was incurring losses. However, starting in September 30, 2021, the company's pretax margin turned positive and showed variability between approximately 3% and 13.30% until December 31, 2023.
The highest pretax margin of 13.30% was recorded on March 31, 2023, suggesting efficient cost management and revenue generation during that period. Subsequently, the pretax margin declined to 0.73% by December 31, 2023. However, in the first half of 2024, O-I Glass Inc experienced negative pretax margins, indicating a decrease in profitability or potential operational challenges during that time.
While the company managed to improve its pretax margin to 0.33% by December 31, 2024, it is essential for investors and analysts to monitor the company's performance closely to understand the factors driving these fluctuations and to assess the sustainability of its profitability in the future.