Penske Automotive Group Inc (PAG)

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 1,239,900 1,419,500 1,859,200 1,607,700 707,600
Revenue US$ in thousands 30,455,200 29,527,400 27,814,800 25,554,700 20,443,900
Pretax margin 4.07% 4.81% 6.68% 6.29% 3.46%

December 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $1,239,900K ÷ $30,455,200K
= 4.07%

Penske Automotive Group Inc's pretax margin has shown variability over the past five years. In 2020, the pretax margin was 3.46%, which then increased to 6.29% in 2021 and further to 6.68% in 2022. However, there was a decline in 2023 to 4.81% and a further decrease to 4.07% in 2024. Overall, the pretax margin has generally improved from 2020 to 2022 but saw a decline in the following years. This indicates fluctuations in the company's profitability before tax, which may be influenced by factors such as revenue growth, cost management, and economic conditions.