Paramount Global Class B (PARA)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -969,000 | -1,574,000 | -1,577,000 | -635,000 | 1,331,000 | 3,739,000 | 4,065,000 | 4,519,000 | 5,189,000 | 3,790,000 | 3,773,000 | 3,444,000 | 2,957,000 | 1,686,000 | 1,801,000 | 2,346,000 | 3,279,000 | 4,712,000 | 4,906,000 | 4,755,000 |
| Revenue (ttm) | US$ in thousands | 28,736,000 | 29,213,000 | 29,008,000 | 29,145,000 | 29,122,000 | 29,107,000 | 28,810,000 | 27,682,000 | 27,713,000 | 26,732,000 | 26,194,000 | 25,729,000 | 25,130,000 | 25,127,000 | 22,476,000 | 20,279,000 | 18,416,000 | 15,569,000 | 15,617,000 | 15,352,000 |
| Pretax margin | -3.37% | -5.39% | -5.44% | -2.18% | 4.57% | 12.85% | 14.11% | 16.32% | 18.72% | 14.18% | 14.40% | 13.39% | 11.77% | 6.71% | 8.01% | 11.57% | 17.81% | 30.27% | 31.41% | 30.97% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-969,000K ÷ $28,736,000K
= -3.37%
Paramount Global's pretax margin has shown a declining trend over the past eight quarters. In Q4 2023, the pretax margin was at -5.44%, continuing the negative trend from the previous quarter. This indicates that the company's profitability before accounting for taxes has decreased compared to prior periods. The downward trend in pretax margin may raise concerns about the company's ability to generate income from its operations and manage expenses effectively. Further analysis and investigation into the factors contributing to this decline in pretax margin are recommended to address the financial performance issues.
Peer comparison
Dec 31, 2023