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