Patrick Industries Inc (PATK)
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 | 191,258 | 435,410 | 293,822 | 130,372 | 117,826 |
| Revenue | US$ in thousands | 3,466,390 | 4,885,580 | 4,070,100 | 2,470,640 | 2,330,060 |
| Pretax margin | 5.52% | 8.91% | 7.22% | 5.28% | 5.06% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $191,258K ÷ $3,466,390K
= 5.52%
The pretax margin of Patrick Industries, Inc. has shown fluctuations over the past five years, ranging from 5.04% in 2019 to 8.92% in 2022. In 2023, the pretax margin decreased to 5.51%. This metric indicates the company's efficiency in generating profits before accounting for taxes relative to its total revenue. The downward trend in pretax margin from 2022 to 2023 may suggest potential challenges in managing costs or optimizing revenue streams. Further analysis is recommended to understand the factors driving these fluctuations and to assess the overall financial performance and profitability of Patrick Industries, Inc.
Peer comparison
Dec 31, 2023